STAINLESS STEEL PRICES AT RECORD HIGHS – MORE RISES IMMINENT

This is certainly not good news. Many stampers have locked in contractual prices, and rising input costs are bad news.

MEPS STEEL NEWS
Stainless steel prices have reached record levels, and look set to advance still further in the next few months. Including raw material surcharges, MEPS transaction prices for cold rolled 304 in Europe and North America now exceed $US4,500 per tonne – an unprecedented high value.

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