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Lower nickel weighs on European stainless steel’s January alloy surcharges

December 31, 2013 - 04:00 GMT Location: London

KEYWORDS: Outokumpu , Acciai Speciali Terni , Aperam , Acerinox , Cogne , Deutsche Edelstahlwerke , Ugitech , Valbruna

European stainless steel alloy surcharge levels for January have fallen by €23-41 ($32-56) per tonne on weaker month-on-month nickel, data released by the biggest producers showed on Monday December 30.

The three-month official bid/offer price spread for nickel on the London Metal Exchange increased towards the end of the surcharge period, surpassing $14,000 per tonne on December 10, however, the overall average came in lower due to weakness at the start. Values released by major flat stainless steel mills Outokumpu,...

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