European Stainless Steel surcharges increase again
European stainless steel surcharges increase again following strong Nickel prices for February 2011 delivery.
The figures where published by stainless steel producer Outokumpu, Nickel has performed well throughout the month following the lead from other commodities. Nickel reached eight month highs breaking the 26,000 USD mark before falling back slightly. The strong performance of nickel along with a greater demand for stainless steel has lead to price increases so the higher surcharges will put more pressure on end users.
A snapshot of the surcharges announced today are listed below:-
1.4301 (304) 1909 EUR / 1604 GBP
1.4404 (316) 2967 EUR / 2493 GBP
1.4016 (430) 521 EUR / 438 GBP
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