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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,...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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