I paid over $330 per cwt for 304 stainless through a master distributor,” the West Coast distributor said.Ī midwestern distributor reported similar difficulty. “We pay $250-275 per cwt for stainless sheet.
“If the mills cut back 20-25%, you’re out on the street for the rest” and downstream prices are soaring much higher than fob mill prices. “The fob mill prices don’t mean much when you’re buying through distribution,” the West Coast distributor said. This distributor said he has been buying stainless plate from the mill and lead times are between four to eight weeks. Some are delaying it,” he addedĪ West Coast distributor reported rising price pressure from restricted supply. There is also a shortage of recycled scrap.” “There are more shortages than last month. Lead times are out 12 to 16 weeks, “but actual deliveries are averaging three to four weeks later.”Īn East Coast distributor said the market was in short supply even before NAS declared force majeure. “Demand is still quite strong and exceeding supply nearly two to one, while customers are looking to secure metal through year end,” he said. Higher fob mill prices for stainless sheet were mostly due to rising alloy surcharges, while downstream stainless prices increased sharply because of tight supply, according market participants.Ī midwestern fabricator said the market was significantly out of balance. On July 12, NAS withdrew the force majeure declaration. Supply, which was already falling short of demand, tightened further on July 7 when North American Stainless (NAS), the largest US stainless producer, declared force majeure due to the inability to obtain oxygen supply for its Ghent, Kentucky, meltshop and warned of shipment delays. The assessment for stainless steel 304L cold-rolled sheet, fob mill US was $173.75 per cwt ($3,475 per ton) on Monday, up 2.06% from $170.25 on June 10 and up 7.25% from $162 per cwt on May 10.įastmarkets’ assessment for stainless steel 316L cold-rolled sheet, fob mill US rose to $231 per cwt ($4,620 per ton) on July 12, up 6.70% from $216.50 per cwt in June and up 12.41% from $205.50 per cwt in May. Mill tolerances on thickness & flatness applies.Fastmarkets’ monthly price assessment for stainless steel 304 cold-rolled sheet, fob mill US was $171.75 per hundredweight ($3,435 per short ton) on Monday July 12, up 2.08% from $168.25 per cwt on June 10 and up 7.34% from $160 per cwt on May 10. Available Stock Sizes: 1ft x 1ft, 1ft x 4ft, 2ft x 2ft, 2ft x 4ft, 4ft x 4ft, 4ft x 8ft, or Cut to Size.How is it Measured? thickness X width X length.Workability: Easy to Weld, Cut, Form and Machine with proper equipment.Applications: sanitary dairy, beverage and food product handling and processing, hospital equipment, marine hardware, kitchen appliances, back splashes, etc.Finishes: Slightly Grainy Surface, Non-reflective, Mill Finish.304 Stainless Plate offers good corrosion resistance to many chemicals as well as industrial atmospheres and marine environments. 304 Stainless Plate may become slightly magnetic when worked and is not heat treatable. 304 Stainless Steel Plate, is the most popular and economical of the stainless steels.
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