French stainless steel producer Aperam has decreased alloy surcharges in June, for the first time in 2022, for its austenitic range of flat stainless steels for Europe. This follows a series of increases. Surcharges have fallen by some €400/tonne ($430) on average versus May, Kallanish notes.
The surcharge for grade 304 (1.4301) has gone down from €3,656/tonne in May to €3,239/t, effective 1 June. For grade 316, it has fallen from €5,338/t to €4,748/t next month. Grade 309S, a heat-resistant stainless steel used in high-temperature applications, has also seen its value decrease from €5,328/t in May to €4,406/t. The surcharge for the most popular ferritic grade, 409, has gone down only slightly from €1,180/t to €1,174/t in June, the company reveals.
Offers for nickel cash buyers reached $32,825/t on 26 April and fell to $27,850/t on 27 May, Kallanish notes.
Meanwhile, Outokumpu has also decreased its surcharges for June. The new figure for grade 304 (1.4301) is €3,219/t, down from €3,844/t in May.
Natalia Capra France