EUROPE ALLOY STEEL SURCHARGES: July values fall further on lower nickel prices

Monthly European alloy surcharges for July deliveries of stainless steel products will be lower than the June surcharge after the price of nickel continued to fall.

Fastmarkets' alloy surcharge for July deliveries of grade-304 cold-rolled stainless sheet is set to fall to €1,318-1,362 ($1,498-1,548) per tonne, down €18-21 per tonne from June’s surcharge levels, according to calculations based on data released by Outokumpu, Acerinox and Aperam. July alloy surcharge values are based on stainless raw materials price trends between May 21 and June 20 - the July surcharge...

Published

Viral Shah

June 27, 2019

16:02 GMT

London