Inoxko Stainless Industry News

European alloy surcharges November 2018

European alloy surcharges announced by Outokumpu October 22 for November 2018 show  benchmark Grade 304 down 46 GBP/ 32 euros to 1248 GBP/1411 euros compared to October 2018 and are now back to the level last seen in May 2018 (1246 GBP).

Nickel which reached a high of 15106 usd in June 2018 averaged 12510 usd in September and was at a similar level on October 19 indicating that it may have stabilised / reached the bottom.  It is reported that European mills negotiated a reduction in Chrome prices for quarter 4 over quarter 3 @ circa 1.24 usd/Lb compared to 1.38 usd/lb which also contributed to the fall in nickel free grade 430 from 631 GBP in October to 606 GBP November.

Flat Products Alloy Surcharges; November 2018                                                                                                

Grade 304 / 1.4301/1.4307       ; 1248 GBP / 1411 euros

Grade 316L / 1.4404                 ; 1893 GBP / 2140 euros

Grade 430 / 1.4016                   ; 606 GBP / 685 euros

Grade 301 / 1.4310                   ; 1176 GBP / 1330 euros

Grade 321 / 1.4541                   ; 1350 GBP / 1526 euros

Grade 316 Ti / 1.4571               ; 1916 GBP / 2186 euros

Grade 310 S / 1.4845                ; 2199 GBP / 2486 euros

Grade 409 / 1.4512                  ; 507 GBP / 573 euros

Grade 410L / 1.4003                ; 524 GBP / 593 euros

Note; Inoxko is able to offer both fixed prices and base + alloy on forward new production orders as well as from stock. Contact our sales team for more details ; email support@inoxko.com or call  01543 483020.