European stainless steel producers issue alloy surcharges for March

Thursday, 26 February 2015 16:29:58 (GMT+3)   |   Istanbul
Outokumpu, Aperam and Acciai Speciali Terni, leading stainless steel producers in Europe, have increased their alloy surcharges for March. After fluctuating throughout most of the current month in a narrow range, the cash seller and settlement nickel price at London Metal Exchange (LME) closed at $14,310/mt on February 25, indicating a total decrease of $20/mt compared to February 2. Nickel prices are now relatively stable and as a result alloy surcharges have indicated a slight improvement. In this context, stainless steel prices in the global market have moved sideways in February.

The above producers' alloy surcharges for March 2015 are as follows:

Producer/

Grade

Outokumpu (€/mt)

Monthly change (€/mt)

Aperam

(€/mt)

Monthly change (€/mt)

Acciai Speciali Terni (€/mt)

Monthly change (€/mt)

430

458 ($522/mt)

+3 ($3.4/mt)

441 ($503/mt)

+12 ($14/mt)

464 ($529/mt)

+3 ($3.4/mt)

304

1,324 ($1,509/mt)

+32 ($36/mt)

1,283 ($1,463/mt)

+45 ($51/mt)

1,322 ($1,507/mt)

-58 ($66/mt)

316

1,923 ($2,192/mt)

+32 ($36/mt)

1,844 ($2,102/mt)

+33 ($38/mt)

1,920 ($2,189/mt)

+31 ($35/mt)

€1 = $1.14 

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