European stainless steel surcharges slip back again
European stainless steel surcharges have fallen again for August deliveries following continued falls in the Nickel price on the LME
The figures announced by Outokumpu the Finish stainless steel giant who recently announced worse than expected figures, are for European deliveries of stainless steel in August 2010. As summer shutdowns approach they may be extended shut downs to try and maintain price levels, better news for producers in recent weeks as Nickel has rallied stronger again. Ferritic prices still remain strong due to high Chrome prices filtering through.
A snapshot of the surcharges announced today are listed below:-
1.4301 (304) 1565 EUR /1300 GBP
1.4404 (316) 2484 EUR / 2062 GBP
1.4016 (430) 495 EUR / 411 GBP
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