It’s reported that AK Steel announced to cut its alloy surcharges for stainless steel products for April. After the adjustment, the company’s alloy surcharges for 304 grades are at US$0.7686/lb., falling by 5.1% from US$0.8099/lb. for March; those for 201 grades are at US$0.5157/lb., down by 3% from US$0.5316/lb. for March; those for 316 grades are at US$1.0791/lb., decreasing by 5.6% from US$1.1427/lb. from March. Meanwhile, the alloy surcharges for 430 grades are at US$0.2304/lb., higher than US$0.2153/lb. for March.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63657&division=A1
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