Stainless steel SS304 price November 2024 and outlook (see chart below)
- Europe:US$5.88/KG, unchanged
Stainless steel SS304 price index
This post is a summary of the Stainless steel SS304 price developments. The price developments of Stainless steel SS304 are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Stainless steel SS304 price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Stainless steel SS304 prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Stainless steel SS304 prices
- Recent price developments of underlying feedstocks which drive the price of Stainless steel SS304
- Market futures for both cost drives and feedstocks of Stainless steel SS304 prices
- Adjustment of current supply/demand imbalances in the Stainless steel SS304 market
- Longer term trends in likely demand conditions
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