Stainless must sue for canceled orders: Abbott

Sep 04, 2013 | 12:13 PM | Janie Davies

Tags  stainless steel, stainless producers, International Stainless and Special Steel Summit, London Metal Exchange, LME, copper, Martin Abbott, Janie Davies

LONDON — Stainless steel producers should sue customers who cancel orders when nickel prices fall, London Metal Exchange chief executive officer Martin Abbott told delegates Sept. 4 at AMM sister publication Metal Bulletin’s 12th International Stainless and Special Steel Summit in London.

Stainless steel mills charge their customers a monthly alloy surcharge to cover the price of nickel and other raw materials.....

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