Further price jumps for 316/316L stainless steel6 February 2023 – The price jumps in the molybdenum-containing stainless steel grades 316 and 316L continued on Monday. A robust labour market is reported from the United States, which is already having an impact on the EUR-USD currency pair. And the automotive industry and semiconductor manufacturers seem to be getting their supply difficulties more and more under control, which should ensure further growth in steel demand overall. Source