French stainless steel producer Aperam has increased September alloy surcharges for its austenitic range of flat stainless steels for Europe by over €100/tonne ($117) on average versus August, Kallanish learns from the company.
The surcharge for grade 304 (1.4301) has gone up significantly from €2,056/t this month to €2,159/t effective 1 September. For grade 316 it has increased from €3,167/t to €3,319/t. Grade 309S, a heat-resistant stainless steel used in high-temperature applications, has seen its surcharge hiked from €2,752/t to €2,912/t from 1 September. The surcharge for the most popular ferritic grade, 409, has also risen from €823/t to €833/t, the company reveals.
Offers for nickel cash buyers were at $18,611/t on 25 June and reached $19,225/t on 25 August, Kallanish notes.
Natalia Capra France