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Outokumpu slashes May surcharges on stainless

Keywords: Tags  Outokumpu Stainless USA LLC, stainless steel prices, stainless steel surcharges, May, Daniel Fiztgerald

NEW YORK — Outokumpu Stainless USA LLC has lowered its surcharges on most stainless steel grades for May.

The Calvert, Ala.-based company set its April surcharges at 74.06 cents per pound for Type 304, down 3.7 percent from 76.89 cents; 48.7 cents per pound for Type 201, down 3.5 percent from 50.49 cents in the same comparison; and $1.0414 per pound for Type 316, down 3.6 percent from $1.08.

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 in April.

West Chester, Ohio-based AK Steel Corp., Ghent, Ky.-based North American Stainless Inc. and Brackenridge, Pa.-based ATI Allegheny Ludlum Corp. announced their May surcharges April 22 (, April 22).

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