Steel News

We strive to let you one step ahead of the market.

Low supply continues to push up European stainless steel prices

10 Aug 2021 15:35 reported by Claude Tseng

A A A
The prices of cold-rolled stainless steel in the European market have risen by EUR 50/ton in the past week in early August due to the tight supply situation.

It was understood that it is a low season in the summer. Although the demand is weak now, the price continues to increase further.

The present delivery period of local steel mills is very long and the earliest availability of goods was at the end of December or January next year.

Asia's offer is cheaper but it was still difficult to import from Asia. Due to the safeguard measures and anti-dumping taxes, there was a lack of overseas quotations from Asia.

The shortage of materials was expected to continue further during the summer off-season and prices will be remained high.

Back to Steel News

Related News

China’s stainless steel crude steel output in week ending Nov 24 decreases w-o-w

  • Stainless steel
  • 29 Nov 2022 17:04

Taiwan’s Yusco announces new stainless steel prices for Dec

  • Stainless steel
  • 29 Nov 2022 15:01

Taiwan’s upstream stainless steel mills expected to raise prices for Dec due to rising nickel prices & inventory replenishment

  • Stainless steel
  • 28 Nov 2022 17:05

Global stainless steel market to grow at CAGR of 9.4% by 2028

  • Stainless steel
  • 24 Nov 2022 16:53

Nickel prices to be supported by decline in LME & SHFE nickel inventories

  • Stainless steel
  • 24 Nov 2022 16:53

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,911.00
  • 2,908.00
  • Aluminum
  • 2,315.00
  • 2,353.00
  • Copper
  • 7,965.00
  • 7,980.00
  • Nickel
  • 25,200.00
  • 25,300.00

Learn more

Coil Exchange Center

  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790
  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790

Learn more