Allegheny Ludlum, North American Stainless Cut Surcharges, Nickel Up

ATI Allegheny Ludlum and North American Stainless (NAS) have cut nearly all their surcharges for August, AMM reported.

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Meanwhile, Chinese 304 and 316 stainless coil and scrap prices have remained unmoving.

On Monday, July 22, the day’s biggest mover on our daily index was the price of Chinese primary nickel, which saw a 1.5 percent increase.

The price of Chinese ferro-chrome saw little movement, and Chinese ferro-moly held steady.

On the LME, the spot price of nickel rose 0.7 percent to $13,975 per metric ton. On the LME, the 3-month price of nickel rose 0.4 percent to $14,035 per metric ton. After improving for two days, the cash price of primary Indian nickel declined 0.1 percent to INR 834.80 ($14.07) per kilogram.

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