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Stainless Steel surcharges increase

surcharges

23rd January 2012, 10:48

Latest published stainless steel surcharges show a significant increase. This is due to higher Nickel costs which recently reached a 12 week high on the LME. The increase for 304 (1.4301) is £104($149) and £139 ($197)  for grade 316 (1.4404). The surcharge figures for stainless steel deliveries in the UK are applicable from the 1st of February. This follows recent announcements from MEPS the independent supplier of steel market information that stainless steel prices will increase 25% in the first half of this year.

The new figures are listed below:-

304 / 1.4301   £1242

316 / 1.4404   £1895

430 / 1.4016    £406

If you have any current requirements please call to discuss how we can work with you to secure material at pre increase prices.



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