2016.03.21 APRIL STAINLESS SURCHARGES RISE ON NICKEL, SCRAP

Heading higher, Stainless steel surcharges are rallying for April as stronger commodity prices in nickel, scrap and molybdenum pushed rates up in all categories except Type 430-a turnaround from March when the surcharges for all grades took a tumble. Meanwhile, stainless prices were mixed in March. Bar prices slipped, but plate and sheet tags inched up under the influence of a stainless steel anti-dumping trade case filed in February and mills’ announced price hikes.

 

Reporter:AMM.com Caria Bridglal
Source: http://www.amm.com/Article/3539415/April-stainless-surcharges-rise-on-nickel-scrap.html