The prices and surcharges of 304 stainless steel pipe, a widely used
grade of stainless steel, have been rising steadily in February.
According to the producers North American Stainless (NAS) and
Outokumpu, the increase is due to the higher costs of raw materials,
transportation, and energy.
304 stainless steel pipe is known for its excellent corrosion
resistance, machinability, and weldability. It is suitable for various
applications in industries such as chemical, food processing, oil and
gas, and construction.
However, the rising prices and surcharges may affect the demand and
profitability of 304 stainless steel pipe users. Some customers may
switch to alternative materials or postpone their orders until the
market stabilizes.
The producers have not announced when they will adjust their prices and
surcharges again. They advise their customers to monitor the market
conditions closely and plan their purchases accordingly.