Aperam and Acciai Speciali Terni Follow Outokumpu in Hiking Stainless Surcharges

by on
stainless steel tanks

European stainless steel producers Aperam and Acciai Speciali Terni followed Finland’s Outokumpu in raising alloy stainless surcharges.

Free Download: Save on International Trades

The increases effectively reversed the drop in surcharge levels in early February.

Luxembourg-based Aperam set its alloy adjustment factor for type 304 (4301) flat products at €1,283/metric ton ($1,456/mt) for March, up €45 from February, while Italy’s Terni raised its 304 surcharge €34 to €1,322/mt.

The day’s biggest mover broke away from a static phase with a 7.9% drop on Wednesday, February 25. After three changeless days, the Allegheny Ludlum 316 stainless surcharge closed at $0.87 per pound. The price of Chinese primary nickel saw little movement at CNY 106,900 ($17,109) per metric ton. The price of Chinese 304 stainless steel scrap remained essentially flat at CNY 9,450 ($1,512) per metric ton. For the fifth day in a row, the price of Chinese 316 stainless steel scrap remained essentially flat at CNY 13,050 ($2,089) per metric ton. The price of Chinese 304 stainless coil was unchanged at CNY 16,700 ($2,673) per metric ton.

The price of Chinese ferro-chrome continues hovering around CNY 10,950 ($1,753) per metric ton for the fifth day in a row. For the fifth consecutive day, the price of Chinese ferro-moly held flat at CNY 82,000 ($13,124) per metric ton.

* Get the complete prices every day on the MetalMiner IndX℠

At $14,250, the nickel spot price finished the market day on the LME up 2.4% per metric ton. On the LME, the nickel 3-month price inched up 2.3% to $14,300 per metric ton. The Indian nickel cash price increased 1.8% to INR 891.30 ($14.35) per kilogram.

{Comments Off on Aperam and Acciai Speciali Terni Follow Outokumpu in Hiking Stainless Surcharges Comments Off on Aperam and Acciai Speciali Terni Follow Outokumpu in Hiking Stainless Surcharges}