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

Change font size:   

April 2018 | Stainless Steels

US stainless prices continue to edge upwards: American Highlights

With reference prices for nickel and iron prices rising over the past month, so have May’s surcharges for most stainless grades.

April base price hike faces very little resistance

US stainless supply continues to tighten. Lead times at some mills extend out as far as 10-11 weeks, falling behind partly due to an increase of orders placed in anticipation of the disruptions that could result once the Trump administration makes its final decision on Section 232 tariffs – or even possibly quotas. Overall, however, fears that tariffs will spark a global trade war or have an extremely negative impact upon the stainless market and the overall US economy have eased somewhat. But that is based on the belief that most of announced temporary exemptions will either become permanent or, at worst, be replaced with a similar quota to that which has been granted to South Korea – especially for NAFTA nations and possibly close allies such as the European Union and Australia. It could, however, be a different story if the...


You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.


Already subscribed?