EUROPE ALLOY STEEL SURCHARGE: Higher surcharges have no effect on transaction prices

European monthly stainless steel alloy surcharges have increased significantly for June but there has been no corresponding increase in transaction prices following their fall at the end of May, Fastmarkets heard on Friday June 5.

Fastmarkets’ calculation for June of the stainless steel cold-rolled sheet, 2mm grade 304, alloy surcharge domestic, Europe, was €1,329-1,363 ($1,497-1,535) per tonne, up from €1,225-1,278 per tonne in May.

Despite this substantial increase, Fastmarkets’ weekly price...

Published

Ross Yeo

June 05, 2020

17:37 GMT

London