Allegheny Technologies, Inc., is again delaying a price increase for its stainless steel products. The company previously said it would increase prices for its stainless cold-rolled, tubular quality sheet and strip, and precision-rolled products for 200-series, 300-series and type 430 grades on September 15th.
The company, today, pushed that increase back to September 29 after North American Stainless announced its own price increase on October 1.
The price of Chinese ferro-chrome held steady at CNY 8,300 ($1,349) per metric ton. The price of Chinese ferro-moly remained essentially flat at CNY 145,000 ($23,563) per metric ton.
After holding steady for the past few days, the Allegheny Ludlum 316 stainless surcharge fell 1.4 percent, closing at $1.26 per pound. The price of Chinese 316 stainless coil continues hovering around CNY 26,000 ($4,225) per metric ton for the fifth day in a row. The price of Chinese 304 stainless coil saw little movement at CNY 16,400 ($2,665) per metric ton. The price of Chinese 316 stainless steel scrap saw essentially no change for the fifth day in a row, remaining around CNY 16,100 ($2,616) per metric ton. The price of Chinese 304 stainless steel scrap was unchanged at CNY 16,400 ($2,665) per metric ton.
After a 1.0 percent increase, the nickel spot price finished the day on the LME at $18,800 per metric ton. The nickel 3-month price rose 1.0 percent on the LME to $18,880 per metric ton after a two-day drop. The Indian nickel cash price increased 0.3 percent to INR 1,148 ($18.99) per kilogram.