Research

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

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April 2019 | Stainless Steels


Further price increases for May but market stabilizing: European Highlights


The increase in alloy surcharges on grade 304 material looks set to amount to some €20/tonne in May on the back of rising nickel prices and the continued passing-through of a slight increase in chrome prices for Q2.

After increasing by some €200/tonne over the course of March and April, alloy surcharges on grade 304 stainless steel are set to increase again in May. The rate of increase is slowing, however, and there is even the possibility that surcharges will fall back slightly with the arrival of June. Those buyers that have not entered into panic-buying over the past couple of months may well be vindicated as some of the recent increases are given back to the market as the summer approaches.

The increase in alloy surcharges on grade 304 material looks set to amount to some €20/tonne in May on the back of rising nickel prices and the continued passing-through of a slight increase in chrome prices for Q2. But,...

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