Steel alloy surcharges in the European stainless steel market were widely expected to increase sharply for March because of recent rises in the price of nickel, Fastmarkets heard on Friday February 15.
Alloy surcharges for March will be calculated based on alloy component costs between January 20 and February 20. That period has not yet finished, but from January 20 until February 15 nickel prices on the Londion Metal Exchange rose to $12,195/12,200 per tonne from $11,750/11,755 per tonne.Sources have calculated that, barring any significant nickel price decrease...