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Stainless producers rein in Oct. surcharges

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


NEW YORK — North American Stainless Inc. (NAS), ATI Allegheny Ludlum Corp. and AK Steel Corp. are lowering their stainless steel surcharges for October across most grades, reversing the increases seen a month earlier.

Ghent, Ky.-based NAS set its October surcharges at 63.9 cents per pound for Type 304 material, down 2 percent from 65.18 cents in September; 42.86 cents for Type 201, down 2 percent from 43.76 cents; and 88.02 cents for Type 316, down 1.2 percent from 89.07 cents. The surcharge for Type 430 material, which contains no nickel, will drop 1.7 percent to 22.21 cents from 22.6 cents per pound.

Ludlum, a division of Pittsburgh-based Allegheny Technologies Inc., set its surcharges for the month at 63.89 cents per pound for Type 304, down 2 percent from 65.19 cents in September; 43.47 cents for Type 201, down 2.1 percent from 44.41 cents; 88.02 cents for Type 316, down 1.2 percent from 89.07 cents; and 22.21 cents for Type 430 material, down 1.8 percent from 22.61 cents per pound.

West Chester, Ohio-based AK Steel’s surcharges for October have been set at 63.88 cents per pound for Type 304, down 2 percent from 65.16 cents in September; 44.03 cents for Type 201, down 1.8 percent from 44.82 cents; 87.98 cents for Type 316, down 1.2 percent from 89.03 cents; and 22.22 cents per pound for Type 430 material, down 1.7 percent from 22.61 cents.


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