European stainless steel surcharges hit four-month highs in October

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October 2017 

London (Platts)--26 Sep 2017 921 am EDT/1321 GMT

Monthly alloy surcharges on austenitic grades of stainless steel flat-rolled products in Europe are up to four-month highs in October, driven primarily by the recent nickel price rally, according to latest mill announcements.

But with nickel prices running out of steam and giving back a significant portion of their rise in recent weeks, there is still a risk that the rebound in surcharges may be nipped in the bud.

 

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