Surcharges for delivery of stainless steel in March 2010. The increases where widely expected throughout the industry with commodities rising with nickel surging above $20,000 per tonne on the LME. The biggest rise is for grade 316/1.4404 which has risen over 115 GBP per tonne.
1.4301 (304) 1173 EUR /987 GBP
1.4404 (316) 1962 EUR / 1713 GBP
1.4541 (321) 1343 EUR / 1173 GBP
1.4016 (430) 273 EUR / 238 GBP
The surcharges are calculated by producing mills throughout Europe and although figures vary slightly from producer to producer all are made up from the same key elements. The main calculations used to determine surcharge levels are Nickel, Molybdenum and Chromes prices. Just to complicate the picture slightly more the majority of commodities trade in USD so an element of currency fluctuation can also effect the final figures. The figures are calculated over a 30 day average to allow for any daily spikes and to try to give a more even spread.
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