Spanish stainless steel producer Acerinox has announced to raise its stainless steel surcharge in June.

The company's surcharge for 304 stainless steel will reach €1,892/ton from €1,809/ton in May, its 316 stainless steel surcharge will raise from €3,365/ton to €3,389/ton and that for 430 stainless steel will increase to €492/ton from €383/ton.

Acerinox has raised its price for four months in a row. The move is expected to have a knock-on effect as other producers follow suit.