January 2018 | Stainless Steels
US stainless prices to move back up in February: American Highlights
While the US Commerce Department has delivered its Section 232 report to President Trump, it is still unknown what actions will be taken for what products.
Rising surcharges to bolster US stainless prices
During February, a combination of higher raw material surcharges and expectations that a greater portion of recent base price hikes will be accepted by the marketplace should allow US stainless steel mills to make up at least part of the decline in flat roll transaction prices that has occurred in January.
Despite the fact that domestic mills announced their second spot base price hike in as many months – the first of which went into effect in November and the most recent one doing so in with January shipments – the stepdown in alloy surcharges resulted in across the board US stainless steel price declines this month after rising in December. It appears, however, as if prices will reverse course in February, helped up not only by higher surcharges but the expected ability of mills to collect the base price increases they have...
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