Stainless steel surcharges rocket

Posted by Vic on 8/21/09 • Categorized as News

stainless steel surcharge Outokumpu the Finish based stainless steel supplier have confirmed surcharges for delivery of stainless steel in September 2009. Industry experts expected surcharges to increase but even they admit they where surprised by how much especially for 316 stainless steel. The recent commodity gains from both nickel and Molybdenum prices have driven levels for September delivers upwards to levels not seen for over 12 months.The question now is will they hold firm or will the commodity boom be temporary. A snapshot is listed below:-

1.4301 (304) 1053 EUR /903 GBP

1.4404 (316) 1842 EUR / 1581 GBP

1.4541 (321) 975 EUR / 836 GBP

1.4016 (430) 200 EUR / 172 GBP

1.4512 (409) 182 EUR / 156 GBP

For full details of all the grades Outokumpu

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Tagged as: 304, 316, 430, increase, LME, mill, Molybdenum, nickel, Outokumpu, price, prices, stainless, stainlesssteel, Steel

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