Steel News

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

US' stainless steel prices continue reaching new highs due to short supply

19 Aug 2021 16:36 reported by Claude Tseng

A A A
Affected by the short supply, the US cold-rolled stainless steel coils price rose further in the first half of August. Stimulated by this, US stainless steel mills increased their prices for the base and alloy surcharge. The base price was increased by US$70-80/ton at the end of July.

According to the producers in the US, the scheduled shipment still remained at 12 to16 weeks. In fact, the actual shipment was postponed by more than 4 weeks. The supply of cold-rolled coils was in a very shortage till the end of this year.

Asia's offer is cheaper, but the shipping cost is terribly high. According to understanding, the price gap is getting bigger between the market transaction price and mill ex-work price. The shortage of materials was expected to continue further at the end of this year.

Back to Steel News

Related News

Zhejiang Yongjin decides to terminate stainless steel project in Indonesia

  • Stainless steel
  • 2 Jun 2023 14:50

LME nickel price rebounds on declined US dollar

  • Stainless steel
  • 2 Jun 2023 14:49

China’s stainless steel net exports grow in Apr m-o-m, y-o-y

  • Stainless steel
  • 1 Jun 2023 15:11

India's SAIL calls on CVD imposition on 200 series stainless steel imports from China

  • Stainless steel
  • 30 May 2023 14:57

Italy’s Acciai Speciali Terni to stop production again in May

  • Stainless steel
  • 29 May 2023 14:08

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,301.00
  • 2,321.00
  • Aluminum
  • 2,263.00
  • 2,289.00
  • Copper
  • 8,336.00
  • 8,340.00
  • Nickel
  • 21,460.00
  • 21,565.00

Learn more

Coil Exchange Center

  • 2B Coil-Jul
  • 2,740
  • 2,600
  • NO1 Coil-Jul
  • 2,710
  • 2,570
  • 2B Coil-Jul
  • 2,740
  • 2,600
  • NO1 Coil-Jul
  • 2,710
  • 2,570

Learn more