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EU's stainless steel alloy surcharges increase for Sep

3 Sep 2019 16:35 reported by Claude Tseng

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The sharp increase of nickel price would be the main reason for the increasing price for the EU stainless steel alloy surcharges.

The August three-month nickel average price was US$14,995/ton in London Metal Exchange (LME).
It increased by US$2,078/ton compared to July three-month nickel average price.

According to market data, the surcharge of 304 2.0mm stainless steel cold-rolled sheet increased to EUR1,519-1,557/ton for September, up by EUR175-182/ton from August. The surcharge of 304 stainless steel bright bar increased to EUR1,889-1,934/ton, up by EUR214-238/ton from August. The surcharge of 316 2.0mm stainless steel cold-rolled sheet increased to EUR2,294-2,360/ton, up by EUR237-239/ton from August.

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