December stainless surcharges for Europe fall
Outokumpu the Finish based stainless steel supplier have confirmed surcharges for delivery of stainless steel in December 2009. Industry experts expected surcharges to fall and 316 stainless steel seems to be the biggest loser with a reduction of over 80 Euros for December deliveries. The recent commodity falls from both nickel and Molybdenum prices have resulted in slight falls in line with expectations.Its not surprising to see these falls at the end of a difficult year for the stainless steel industry but experts predict prices will bounce back in 2010.
A snapshot is listed below:-
1.4301 (304) 1005 EUR /904 GBP
1.4404 (316) 1547 EUR / 1391 GBP
1.4541 (321) 1143 EUR / 1028 GBP
1.4016 (430) 246 EUR / 221 GBP
For full details of all the grades Outokumpu
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