Outokumpu Stainless USA LLC has lowered its surcharges for most
grades of stainless steel for August.
Ala.-based company set its August surcharges at 63.55 cents per
pound for Type 304 material, down 4.3 percent from 66.41 cents
this month; 43.44 cents per pound for Type 201, down 1.8
percent from 44.24 cents; and 88.25 cents per pound for Type
316, down 6.6 percent from 94.52 cents. The surcharge for Type
430 material, which contains no nickel, has been increased 7.5
percent to 23.01 cents per pound from 21.41 cents.
West Chester, Ohio-based AK Steel Corp., Ghent, Ky.-based
North American Stainless Inc. and Brackenridge, Pa.-based ATI
Allegheny Ludlum Corp. all announced similar moves to lower
their surcharges recently (
amm.com, July 23).