Reportedly, Outokumpu Stainless USA announced to cut its alloy surcharges for most grades of stainless steel for October. The company set its October alloy surcharges for 304 grades material at US$0.639/lb., decreasing by 2% from 0.6519/lb. in September. Also, it cut its alloy surcharges for 201 grades material by 2.1% to US$0.4316/lb. and decreased the surcharges for 316 grades by 1.2% to US$0.8807/lb. Meanwhile, the company lowered the surcharges for 430 grades materials by 1.8% to US$0.2221/lb.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66413&division=A1
