With rising demand for stainless steel a continued intensity of commodities stainless steel costs look ready to go up in the European markets.

According to some reports, Nickel close to the $20,000 per tonne mark and Molybdenum costs showing increases the numbers declared last week by the leading European mills it would be shocked if the prices are not increased.

In the mean time, there are rumors coming from the leading mills that base increases are likely to hike for new deliveries from the month of April and declaration could be made as soon as the 1st of March.