[Price Reporting] Stainless Steel : 254SMO

[Price Reporting] Stainless Steel : 254SMO1. Reporting Duration: May 19, 2025 – May 23, 2025 2. Introduction to Metals: Alloy Price Analysis including Stainless Steel 3. Summary: The price of 254SMO alloy slightly increased during the week of May 19-23, 2025, largely driven by rising molybdenum oxide prices. Nickel market volatility and stable high-carbon ferrochrome prices had a limited impact on the alloy’s price movement. The increase in 254SMO prices is also attributed to strong industrial demand, particularly from the electric vehicle sector, and the stabilizing supply chains in Europe an...