French stainless producer Aperam has increased July alloy surcharges for its austenitic range of flat stainless steels for Europe by €70/tonne ($83) on average versus the previous month, Kallanish learns from the company.
The surcharge for grade 304 (1.4301) has gone up from €1,865/t in June to €1,910/t effective 1 July. For grade 316 it has increased from €2,675/t this month to €2,928/t next month. Grade 309S, a heat-resistant stainless steel used in high-temperature applications, has hiked from €2,509/t in June to €2,558/t from 1 July. The surcharge for the most popular ferritic grade, 409, has risen from €725/t in June to €764/t, the company reveals.
Offers for nickel cash buyers were at $18,611/t on 25 June. Values were at $17,125/t on 25 May, Kallanish notes.
Natalia Capra France