NEW YORK ATI Allegheny
Ludlum Corp. has lowered its stainless surcharges for June on
the back of falling nickel prices.
Ludlum, part of Pittsburgh-based
Allegheny Technologies Inc. (ATI), set its June surcharge for
Type 304 product at 84.86 cents per pound, down 2.9 percent
from 87.43 cents this month; Type 201 at 57.66 cents per pound,
down 2.2 percent from 58.98 cents; and Type 316 at $1.2307 per
pound, down 2.9 percent from $1.2674 per pound. The surcharge
for Type 430, which contains no nickel, will be 27.80 cents per
pound, up 0.4 percent from 27.68 cents.
The cash nickel contract on the London Metal Exchange
averaged $7.88 per pound during the surcharge calculation
period, down 3.4 percent from the prior month.