Monthly European alloy steel surcharges for March are down in response to lower nickel costs, sources told Fastmarkets on Friday February 28.
In the case of grade-316 stainless steel, the fall in the surcharge was moderated by higher molybdenum prices.Fastmarkets' calculation of the stainless steel cold-rolled sheet, 316, 2mm, alloy surcharge, domestic, Europe, for March was ?,?2,040-2,074 ($2,234-2,271) per tonne...