Stainless steel mills lower surcharges

Apr 24, 2012 | 12:16 PM |

Tags  stainless surcharge, AK Steel, North American Stainless, Allegheny Technologies

NEW YORK — Most large domestic stainless steel producers have lowered their surcharges for May due to falling nickel prices.

West Chester, Ohio-based AK Steel Corp. has set its surcharges at 87.23 cents per pound for Type 304 material, down 7.2 percent from 93.97 cents this month; 59.91 cents per pound for Type 201, down 5.4 percent from 63.33 cents; $1.2643 per pound for Type 316, down....

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