As reported in early June, stainless steel prices in the United States remain exceptionally high in comparison with those in the rest of the world.

The difference in transaction values between the MEPS figures for the United States and Europe average, for grade 304 cold rolled coil, peaked at US$1867 per tonne in June. This compares with an average of less than US$300 per tonne in the previous five-year period.

However, the price disparity started to narrow in July. For grade 304 cold rolled coil, the US alloy surcharge decreased by US$224 per tonne, while the rapid downward price trends witnessed in Europe and Asia started to ease.

The flat product surcharge for grade 304, published by North American Stainless, will drop to US$2332 per tonne in August. This will result in a reduction of at least 20 percent in the price differential between the United States and Europe, from its high point in June. The grade 316 alloy surcharge will decrease by US$164 per tonne.

However, it is anticipated that the European mills will continue to push for increases to their ‘effective’ selling prices in August. Therefore, it is likely that the price gap with Europe will close even further, in the near term.

US stainless producers are unlikely to make any official adjustments to their discount levels, and instead will rely on the falling alloy surcharges combined with rising prices in Europe and Asia to close the gap, thereby reducing import competition.

Buyers in the United States believe that having generated significant profits over the past few years, the mills are content to lower production capacity and maintain higher selling values.

金属展-冶金展-2024广州巨浪国际金属暨冶金工业展览会-巨浪展览-2024 China(Guangzhou)Int’l Metal &Metallurgy Exhibition 2024金属展，2024金属展会，2024金属展览会，2024广州金属展，2024广州金属展会，2024广东金属展，2024广东金属展会，2024中国金属展，2024中国金属展会，2024金属博览会，2024冶金展，2024冶金展会，2024冶金展览会，2024广州冶金展，2024广州冶金展会，2024广东冶金展，2024广东冶金展会，2024中国冶金展，2024中国冶金展会，2024冶金博览会 2024钢铁展，2024钢铁展会，2024钢铁展览会，2024广州钢铁展，2024广州钢铁展会，2024广东钢铁展，2024广东钢铁展会，2024中国钢铁展，2024中国钢铁展会，2024钢铁博览会，2024金属冶金展，2024金属冶金展会，2024金属冶金展览会，2023广州金属冶金展，2024广州金属冶金展会，2024广东金属冶金展，2024广东金属冶金展会，2024中国金属冶金展，2024国金属冶金展会，2024金属冶金博览会-steel Industry Exhibition,steel expo, 2024 steel exhibition, 2024 steel expo, China steel exhibition, China steel expo, steel Industry event,steel event, 2024 steel event, China steel event,metal Industry Exhibition,metal expo, 2024 metal exhibition, 2024 metal expo, China metal exhibition, China metal expo, metal Industry event,metal event, 2024 metal event, China metal event,metallurgy Industry Exhibition,metallurgy expo, 2024 metallurgy exhibition, 2024 metallurgy expo, China metallurgy exhibition, China metallurgy expo, metallurgy Industry event,metallurgy event, 2024 metallurgy event, China metallurgy event