EUROPE ALLOY STEEL SURCHARGES: Grade-316 values surge on high molybdenum costs

Monthly European alloy steel surcharges for grade-316 stainless steel have surged for July because of a sharp increases in the price of molybdenum, Fastmarkets heard on Friday July 2.

Fastmarkets' calculation of stainless steel cold-rolled sheet 316 2mm alloy surcharge domestic, Europe was €2,902-2,946 ($3,439-3,492) per tonne for July, up by €242-271 per tonne from June.

The substantial increase was driven by sharply higher molybdenum costs -...

Published

Ross Yeo

July 02, 2021

16:29 GMT

London