European alloy surcharges for stainless steel products have fallen for the seventh consecutive month with the February surcharge down because of continuing weak market fundamentals and a sharp drop in molybdenum prices in January.
The February alloy surcharge for molybdenum-containing grade-316 cold-rolled (CR) sheet - based on data published by producers Outokumpu, Aperam and Acerinox - is ?,?1,845-1,905 ($2,094-2,162) per tonne, down by ?,?73-99 per tonne. Fastmarkets' Molybdic oxide prices fell to a six-month low on January 18, hitting $10.6-10.8 per...