European alloy surcharges for January deliveries of grade-316 cold-rolled (CR) stainless steel sheet have risen sharply month on month amid higher nickel and molybdenum costs.
The February assessment for molybdenum-containing 2 mm grade-316 CR sheet - compiled by Metal Bulletin based on data released by Outokumpu, Acerinox and Aperam - rose ?,?99-155 ($123.03-192.62) per tonne to ?,?1,923-1,963 per tonne from ?,?1,768-1,864 per tonne in January.The average London Metal Exchange three-month official nickel bid/offer spread between December 21 and January 20 - the period that producers use to calculate February's surcharge values - rose sharply...