Major stainless steel producers in Europe have announced cut in stainless steel surcharge for the month of April this year. Those who announced reduction in surcharges include major producers such as Aperam, Outokumpu and Acciai Speciali Terni.
As per reports, Outokumpu has raised its alloy surcharge for 304 grades stainless for April by Euro4/ton from the month ago. After adjustments, the surcharges will average at Euro1,320/ton for the month. The surcharge for the product during March was Euro1,324/ton. Also, its alloy surcharges for 316 grades will be reduced by Euro26/ton to Euro1,897/ton from Euro1,923/ton. However, the surcharge for 430 grades will be hiked by Euro 8/ton to Euro466/ton.
Aperam has announced marginal cut in alloy surcharges for 304 grade flat products for the month of April this year. The surcharges will be reduced from Euro1,283/ton by Euro6/ton to total Euro1,277/ton during Apr ’15. Similarly, the company has decided to reduce its alloy surcharge on 316 grade flat products by Euro9/ton from Euro1,844/ton in Mar ‘15. The Apr ’15 alloy surcharges will now be at Euro1,835/ton. The surcharges for 430 grades will be hiked by Euro6/ton to Euro447/ton.
Also, Acciai Speciali Terni has declared cut in alloy surcharges for 304 grade flat products by Euro2/ton. Terrni’s surcharge for Apr ’15 will be around Euro1,320/ton. The company has also decided to reduce alloy surcharges for 316 grade flat products marginally when compared with those during the month of March this year. The surcharges will be reduced from Euro1,920/ton by Euro17/ton to total Euro1,903/ton during Apr ’15. Meanwhile, the surcharges for 430 grades will be hiked by Euro9/ton to Euro506/ton.
Other stainless steel makers in the country including Acerinox and ThyssenKrupp are soon expected to follow suit.
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