Marcegaglia joins Outokumpu, Acerinox in raising stainless steel prices

Steel producer Marcegaglia will lift base prices for all grades of stainless steel by €30 ($40) per tonne for two months in a row, the company told Steel First on Wednesday August 28.

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“We have already increased […] our base price by €30 ($40) per tonne for September deliveries,” sales director of Marcegaglia’s stainless steel division, Egidio Bini, said.

A second base price rise of €30 ($40) per tonne is planned for stainless material to be delivered in October.

On Tuesday August 27, both Outokumpu and Acerinox announced they were raising prices, with the latter confirming it expects market activity to increase in September.