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Stainless Steel Me

News , views and resources for the stainless steel industry

Stainless Steel surcharges slip further

nickel 300x216 Stainless Steel surcharges slip furtherOn weak demand from European customers stainless steel surcharges have again fallen.  The price of Nickel remains weak having dropped through the key barrier of $16,000 per tonne there is no short term signs of reversal.

Its now into the summer holiday months now when mills will extend shutdowns to reduce inventories in the hope of stimulating demand.

With market leaders like Outokumpu and commentators like Steel & Metals Market Research both stating that prices are expected to soften with demand remaining weak its a bleak outlook for the stainless industry.

 

The surcharges for  the key grades are listed below:-

 

304 / 1.4301 – 1378 EUR  1093 GBP

316 / 1.4404 – 2098 EUR  1674 GBP

430 / 1.4016 -  515 EUR     393 GBP

tt twitter big1 Stainless Steel surcharges slip further

Tagged as: 304, 316, 430, Europe, LME, market, metals, nickel, Outokumpu, price, prices, research, stainless, stainlesssteel, Steel, surcharge, surcharges

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