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ATI, AK, NAS cut stainless steel surcharges

Keywords: Tags  ATI, ATI Allegheny Ludlum, AK Steel, NAS, North American Stainless, stainless, surcharge, Daniel Fitzgerald

NEW YORK — ATI Allegheny Ludlum Corp., AK Steel Corp. and North American Stainless Inc. have all lowered their stainless steel surcharges on most grades for May.

Ludlum, a division of Pittsburgh-based Allegheny Technologies Inc., set its May surcharge for Type 304 stainless at 74.06 cents per pound, down 3.7 percent from 76.89 cents in April; Type 201 at 49.06 cents, down 3.6 percent from 50.89 cents; and Type 316 at $1.0407 per pound, down 3.6 percent from $1.0795 per pound. Its surcharge for Type 430 material, which contains no nickel, has been set at 22.53 cents per pound, down 2.2 percent from 23.04 cents per pound in April.

West Chester, Ohio-based AK Steel set its May surcharges at 74.04 cents per pound for Type 304, down 3.7 percent from 76.86 cents in April; 49.72 cents for Type 201, down 3.6 percent from 51.57 cents; and $1.0395 per pound for Type 316, down 3.7 percent from $1.0791 previously. Its surcharge for Type 430 material has been set at 22.54 cents per pound, down 2.2 percent from 23.04 cents in April.

NAS lowered its surcharges by a similar amount, with Type 304 down 3.7 percent to 74.06 cents in May from a month-earlier 76.89 cents; Type 201 down 3.6 percent to 48.33 cents from 50.11 cents; Type 316 down 3.6 percent to $1.0408 cents from $1.0795 cents previously; and Type 430 down 2.2 percent to 22.53 cents from 23.04 cents in the same comparison.

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