Free Stainless Steel Price Trend and Forecast New York
- Location: New York, New York, NY
Stainless Steel price fell in the North American market as the market remained uncertain due to continued low demand. Buyers refused to make purchases that would have increased their inventories, preferring to keep stocks tight rather than risk investing in an uncertain market. Some buyers have started contract negotiations for 2023, with at least one source reporting a 4% price reduction for value-add tonnes. When negotiating 2022 contracts last year, steelmakers reportedly reduced many contract purchasers' discounts to lower levels, with some buyers receiving no deals. Many buyers refuse to make purchases that would increase their inventories, preferring to keep stocks tight rather than risk investing in an uncertain market. Towards the end of the third quarter, the market price of Stainless Steel (flat) was 4300 per MT Ex-Texas (USA).
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