Reportedly, Finnish stainless steel producer Outokumpu announced to cut stainless steel alloy surcharge for July delivery on June 22nd, which met market participants’ forecast in last week.

Among them, the alloy surcharge for 304 series stainless steel has dropped to €1,579/ton from €1,719/ton in June, down by €140/ton; that for 316 series products has decreased to €2,435/ton from €2,640/ton, down by €205/ton.