It's reported that the European major stainless steel producers, including Acerinox, Aperam, Outokumpu and Terni have announced to cut alloy surcharges for April, aiming to reflect lower nickel prices at LME. It's known that the average alloy surcharges for 304 grade cold rolled coils with thickness of 2mm for April are at €1,275/ton, decreasing by €35/ton from a month ago. Meanwhile, the alloy surcharges for 316 grade cold rolled coils with thickness of 2mm averaged at €1,890/ton, falling by €60/ton from March. Besides, the average alloy surcharges for 430 grade cold rolled coils with thickness of 2mm are at €450/ton, lower than €445/ton for March.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63677&division=A1
