EU stainless steel alloy surcharges for May up $140-266 on nickel rise

May alloy surcharges for grade 304 and 316 stainless steel sheet and bar in Europe have seen an increase of €101-192 ($140-266) per tonne compared with April.

The surcharge increase is due to the recent rapid rise in nickel prices, according to data released by the key mills on Tuesday April 29.

The official three-month bid/offer spread for nickel on the London Metal Exchange stayed mostly above the $16,000 mark during the...


Elfi Middelbeek

April 29, 2014

13:27 GMT