Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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February 2019 | Stainless Steels

US stainless prices move up, supported by nickel strength: American Highlights

Mills announce base price increases for some plate and long products but not cold rolled stainless.

Surcharges for austenitic grades finally turn upwards, helped by nickel
With nickel prices seeing an 11% jump over the past month, US austenitic stainless steel prices finally moved up again after some seven months of declines. It was, however, a different story for ferritic grades with iron prices falling 5.2% from last month. Surcharges for grade 304 stainless are moving up the most, rising by about 7.9% to an average of $0.5942/lb. Even with molybdenum prices slipping 1.5% over the past month, March surcharges for grade 316 stainless are still up 6.5% to an average of $0.8589/lb. Also, the adders for grade 201 stainless moved up 4.2% to $0.4352/lb. Meanwhile, the surcharge for grade 430 stainless is down 3.9% to $0.2437/lb. and that for grade 409 stainless is down 4.9% to $0.2003/lb.



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