EUROPE ALLOY STEEL SURCHARGE: February values rise on stronger nickel, moly costs

European alloy surcharges for February deliveries of grade-316 cold-rolled (CR) stainless steel sheet have risen sharply month on month amid higher nickel and molybdenum costs.

The February assessment for molybdenum-containing 2 mm grade-316 CR sheet – compiled by Metal Bulletin based on data released by Outokumpu, Acerinox and Aperam – rose €99-155 ($123.03-192.62) per tonne to €1,923-1,963 per tonne from €1,768-1,864 per tonne in January.

The average London Metal Exchange three-month official nickel bid/offer spread between December 21 and January 20 – the period that producers use to calculate February’s...

Published

Viral Shah

January 29, 2018

15:35 GMT

London