EU stainless surcharges for April rise to five-year high

Alloy surcharges in Europe for April deliveries of grade-304 cold rolled (CR) stainless steel have increased by €48-52 ($52-56) per tonne month-on-month to their highest level for five years, after a rise in the average nickel and ferrous scrap prices.

The average London Metal Exchange three-month official nickel bid/offer spread between February 21 and March 20 – the period used by producers to calculate April’s surcharge values – was $10,597/10,608 per tonne.
This represented an increase of $316-318 per tonne in the average nickel price from the calculation for March’s surcharge values, which was $10,279/10,292 per tonne.

Metal Bulletin’s assessment for shredded ferrous scrap fob Rotterdam averaged $272-274 per tonne between February 21...

Published

Viral Shah

March 29, 2017

14:15 GMT

London