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Stainless Steel Me

News , views and resources for the stainless steel industry

Stainless Steel surcharges rise

nickel 150x150 Stainless Steel surcharges riseSurcharges for August 2011 announced by stainless steel producer Outokumpu have increased for the first time for over four months. Nickel has been rising over the last few weeks after seemingly hitting the bottom of the price cycle near to seven month lows in June of $21,830.

Although demand for stainless steel is generally lower through the summer period, the industry feeling is that demand will recover after the holiday period and with reductions in capacity from the major producers prices will steadily rise through the latter half of the year.

Ferritic surcharges have fallen slightly due to decreases in Chrome prices.

The new stainless steel surcharge figures announced by Outokumpu for delivery in August 2011 are as follows:-

 

304 / 1.4301 – 1612 EUR  1434 GBP

316 / 1.4404 – 2462 EUR  2189 GBP

430 / 1.4016 -  466 EUR     414 GBP

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Tagged as: 304, 430, LME, mill, nickel, Outokumpu, price, prices, stainless, Steel, surcharge, surcharges

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