Main European steelworks have raised stainless steel surcharges for June deliveries.

Outokumpu increased its alloy surcharge by US$346.32 per ton to US$4278.95 per ton, and ThyssenKrupp raised that by US$334.145 per ton to US$4308.71 per ton. Ugine & ALZ does not announce any raise for its surcharge, but its surcharge for May delivery was already the highest at US$3985.39 per ton in Europe.

Considering the high alloy surcharge, European stainless producers had mildly reduced the base prices for grade 304, cold rolled materials to offset the surcharge cost