Stainless Steel Round Bar Prices, Pricing, Demand & Supply

Chemanalyst22 Sep, 2023Business

In the second quarter of 2023, the price of stainless steel round bars in North America experienced some fluctuations. Initially, there was a rise in April due to the increase in the price of raw material nickel on the global market. This supported the production cost of stainless steel round bars. The consumer price index was higher at the beginning of the quarter, indicating good purchasing activity and a positive start to the quarter. The demand for stainless steel round bars remained strong, particularly in the service sector. As a result, services were offered at higher bid prices. However, in the second half of the second quarter, prices slightly decreased. This was mainly attributed to the debt crisis and rising inflation, which led to a pessimistic market situation.