French stainless producer Aperam has increased August alloy surcharges for its austenitic range of flat stainless steels for Europe by over €100/tonne ($118) on average versus July, Kallanish learns from the company.
The surcharge for grade 304 (1.4301) has gone up from €1,910/t this month to €2,056/t effective 1 August. For grade 316 it has increased from €2,928/t to €3,167/t. Grade 309S, a heat-resistant stainless steel used in high-temperature applications, has hiked from €2,558/t to €2,752/t from 1 August. The surcharge for the most popular ferritic grade, 409, has also risen from €764/t to €823/t, the company reveals.
Offers for nickel cash buyers were at $18,611/t on 25 June and reached $19,368/t on 27 July, Kallanish notes.
Natalia Capra France