EUROPE ALLOY STEEL SURCHARGES: Weak market leads to seventh consecutive monthly fall

European alloy surcharges for stainless steel products have fallen for the seventh consecutive month with the February surcharge down because of continuing weak market fundamentals and a sharp drop in molybdenum prices in January.

The February alloy surcharge for molybdenum-containing grade-316 cold-rolled (CR) sheet - based on data published by producers Outokumpu, Aperam and Acerinox - is €1,845-1,905 ($2,094-2,162) per tonne, down by €73-99 per tonne. Fastmarkets' Molybdic oxide prices fell to a six-month low on January 18, hitting $10.6-10.8 per...

Published

Ross Yeo

January 25, 2019

18:30 GMT

London