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Stainless steel surcharges cut again

Keywords: Tags  ATI Allegheny Ludlum, AK Steel, NAS, North American Stainless, stainless steel, surcharges


NEW YORK — ATI Allegheny Ludlum Corp., AK Steel Corp. and North American Stainless Inc. (NAS) have lowered their stainless steel surcharges for the fourth consecutive month.

Ludlum, a division of Pittsburgh-based Allegheny Technologies Inc., set its July surcharges at 66.41 cents per pound for Type 304 material, down 3.1 percent from 68.51 cents this month; 44.58 cents per pound for Type 201, down 2.6 percent from 45.79 cents; 94.47 cents per pound for Type 316, down 3.2 percent from 97.6 cents; and 21.41 cents per pound for Type 430 material, which contains no nickel, down 0.5 percent from 21.51 cents.

West Chester, Ohio-based AK Steel set its July surcharges at 66.22 cents per pound for Type 304, down 3.4 percent from 68.56 cents in June; 45.14 cents per pound for Type 201, down 2.8 percent from 46.45 cents; 94.23 cents per pound for Type 316, down 3.6 percent from 97.79 cents; and 21.41 cents per pound for Type 430, down 0.8 percent from 21.58 cents.

Ghent, Ky.-based NAS lowered its July surcharges at 66.41 cents per pound for Type 304, down 3.2 percent from 68.58 cents; 43.91 cents per pound for Type 201, down 2.7 percent from 45.15 cents; 94.47 cents per pound for Type 316, down 3.3 percent from 97.66 cents; and 21.41 cents per pound for Type 430, down 0.8 percent from 21.58 cents.

The three producers have instituted lower surcharges every month since March, when the surcharge for Type 304 material was just over 81 cents per pound (amm.com, March 21).


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