Reportedly, the European stainless makers have announced to cut the alloy surcharge for December by at least €111/ton in response to lower nickel prices.
It's learned that the three major stainless steel producers in Europe Outokumpu, Acerinox and ThyssenKrupp have all announced to cut the alloy surcharges for 304 grade cold rolled stainless steel products to €1,232~€1,247/ton average for December, falling by €111~€113/ton from a month ago.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=61791&division=A1
