EUROPE ALLOY STEEL SURCHARGE: April values rise on higher nickel costs

European alloy surcharges for April deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen amid further increases in nickel costs, making it the third consecutive month with a rise in the surcharge.

The April alloy surcharge for 2mm grade-304 CR stainless steel sheet - based on data published by Outokumpu, Acerinox and Aperam - is €1,336-1,407 per tonne ($1,659-1,748). This up by €33-54 per tonne month on month from March’s surcharge of €1,303-1,353 per tonne. The average London Metal Exchange three-month official nickel bid/offer spread between February 21 and March 20 - the period...

Published

Viral Shah

March 28, 2018

13:14 GMT

London