NEW YORK ThyssenKrupp
Stainless USA LLC has lowered its stainless surcharges for May
on the back of falling nickel prices.
The Calvert, Ala.-based company
set its surcharges at 87.72 cents per pound for Type 304, down
6.5 percent from 93.86 cents in April; 58.75 cents for Type
201, down 4.9 percent from 61.78 cents; and $1.2727 per pound
for Type 316, down 6.2 percent from $1.3566 per pound. Its
surcharge for Type 430 material, which contains no nickel, fell
0.6 percent to 28.01 cents per pound from 28.19 cents last
It follows similar moves by other stainless mills last week
(AMM, April 25).