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ATI trims stainless surcharges for June

Keywords: Tags  ATI, ATI Allegheny Ludlum, stainless surcharge, nickel

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.

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