EUROPE ALLOY STEEL SURCHARGE: Surcharges down on low alloy costs

The monthly alloy surcharges for stainless steel in Europe have decreased for May because of lower alloy component costs, Fastmarkets heard on Friday May 1.

Transaction prices for finished stainless steel remained unchanged, meanwhile, following decreases last week that were made in anticipation of the lower May surcharges.

Fastmarkets’ calculation of the stainless steel cold-rolled sheet, 2mm, grade 304, alloy surcharge, domestic, Europe, was €1,225-1,278 ($1,335-1,393) per tonne on May 1, down by €22-48 per tonne...

Published

Ross Yeo

May 01, 2020

19:00 GMT

London