European stainless alloy surcharge down by €300/ton
In December 2007, European stainless steel alloy surcharge stayed between €1,884-1,958/ton, but it went down by €300 to €1,595-1,635/ton in January 2008.
Currently three European mills including ThyssenKrupp, ArcelorMittal and Outokumpu are using new system to make new calculation for stainless alloy surcharge.
However, other stainless steel producer such as Acerinox announced that the company will not change its current alloy-surcharge calculation method because they felt that the current system contributes certain benefits to the company in the short term.
The purpose of the new calculation method is to try to foster stability in the stainless steel market and to reduce or prevent volatility in nickel prices.
News Date 03 Jan 2008 16:30:13 reported by Stella Lin