Outokumpu to test daily surcharge in Europe

May 22, 2013 | 10:48 AM | Elfi Middelbeek

Tags  Outokumpu, Mika Seitovirta, Aperam, stainless, stainless steel, steel prices, stainless prices, Elfi Middelbeek

LONDON — Stainless steel producer Outokumpu Oyj will pilot a daily alloy surcharge system in Europe this summer, the company said May 22.

Speaking at its Outokumpu Experience event in London, chief executive officer Mika Seitovirta said the new system is expected to reduce price volatility.

"Our alloy surcharge system has served us well since the 1980s, but we are now investing in options to reduce volatility," he said. "We are going to pilot a daily alloy surcharge system to respond more quickly to price changes."....

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