It’s reported that the US stainless producers have reduced alloy surcharges for 300 grade stainless steel products for August, mainly to reflect lower nickel prices.
Also, the US stainless producers have reduced stainless alloy surcharges for consecutive five months.
North America Stainless cuts alloy surcharges for 304 grades stainless steel products to USD 0.6267/lb. for August from USD 0.6641/lb. for July. Also, it reduced alloy surcharges for 316 grades to 0.8821/lb. from USD 0.9447/lb.
ATI Allegheny Ludlum reduced alloy surcharges for 304 grades to USD 0.6355/lb. from USD 0.6641/lb., decrease those for 316 grades to USD 0.8821/lb. from USD 0.9447/lb.
AK Steel cut alloy surcharges for 304 and 316 grades to USD 0.6353 per ton and USD 0.8874/lb. respectively for August.