CARLSBAD, Calif. ATI Allegheny Ludlum Corp., AK Steel Corp. and North American Stainless Inc. (NAS) have lowered their stainless steel surcharges on most grades for April.
Ludlum, a division of Pittsburgh-based Allegheny Technologies Inc., set its April surcharge for Type 304 stainless at 76.89 cents per pound, down 5.1 percent from 81.04 cents in March; Type 201 at 50.89 cents, down 2.4 percent from 52.12 cents; and Type 316 at $1.0795 per pound, down 5.6 percent from $1.1432 per pound. However, its surcharge for Type 430 material, which contains no nickel, has been set at 23.04 cents per pound, up 7 percent from 21.53 cents per pound in March.
Meanwhile, West Chester, Ohio-based AK Steel set its April surcharges at 76.86 cents per pound for Type 304, down 5.1 percent from 80.99 cents in March; 51.57 cents for Type 201, down 3 percent from 53.16 cents; and $1.0791 per pound for Type 316, down 5.6 percent from $1.1427 previously. Its surcharge for Type 430 material has also been set at 23.04 cents per pound, up 7 percent from 21.53 cents in March.
Ghent, Ky.-based NAS set its April surcharge for Type 304 at 76.89 cents per pound, down 5.1 percent from 81.04 cents a month earlier; Type 201 at 50.11 cents, down 2.5 percent from 51.39 cents; and Type 316 at $107.95 per pound, down 5.6 percent from $114.32. Its Type 430 surcharge will be 23.04 cents, up 7.1 percent from 21.52 cents in March.