Stainless Steel surcharges rise again
Newly published European stainless steel surcharges show a further increase, this follows continued strength of Nickel prices on the LME. More recently though prices of nickel have weakened otherwise surcharge increases would be much greater. Ferritic stainless steel surcharges fell back slightly.
The figures for surcharges for stainless steel deliveries in Europe from the 1st of March 2012 where announced by Finnish stainless steel producer Outokumpu .
Some surcharges for the key grades are listed below:-
304 / 1.4301 – 1501 EUR 1360 GBP
316 / 1.4404 – 2393 EUR 1996 GBP
430 / 1.4016 - 450 EUR 376 GBP