Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

European 304 stainless steel surcharge hits 17-month low in Feb

Agriculture | Electricity | Energy | Electric Power | Emissions | LNG | Natural Gas | Oil | Crude Oil | Refined Products | Shipping

Market Movers Europe, Feb 24-28: IP Week goes ahead despite coronavirus fears and risk of protests

LNG | Natural Gas | NGL

Platts LNG Alert

Commodities | Metals | Steel | Materials | Building & Construction | Financial Services | Macroeconomics

Steel Markets North America Conference, 16th Annual

Electric Power | Metals

Finland's Wartsila wins 100 MW Pivot Power UK battery storage contract

European 304 stainless steel surcharge hits 17-month low in Feb

London — Monthly alloy surcharges on austenitic grades of stainless steel flat-rolled products in Europe are set to fall for a seventh successive month in February, first mill announcements indicated Monday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Finland's Outokumpu, the continent's largest producer, set its alloy adjustment factor for type 304 (4301) flat products at Eur1,228/mt ($1,396/mt) for February, down Eur46/mt from January to the lowest level since September 2017.

The surcharge hit a seven-year high, basis S&P Global Platts records, at Eur1,647/mt in July before retreating, primarily on lower nickel prices.

Three-months nickel prices on the London Metal Exchange moved lower through much of December, bottoming out at a 15-month low of $10,530/mt on January 2, though the market has since moved back above $11,000/mt. Through Friday, the LME nickel cash settlement price averaged $11,191/mt for January to date, up from 10,837/mt in December.

Outokumpu's surcharge for molybdenum-bearing type 316 (4401) flat products was set at a 13-month low of Eur1,903/mt for February, down Eur73/mt from the previous month and 21% lower than July's seven-year high of Eur2,416/mt.

Spot molybdenum oxide prices have come under severe downward pressure since the turn of the year, falling below $11/lb for the first time since last July. The Platts daily molybdenum oxide price assessment stood at $10.65-$10.80/lb Friday, down from $12.00-$12.10/lb a month earlier.

Nonferrous Metals Ambassador

Platts metals market reports feature global news, analysis, daily pricing and commentaries for major nonferrous metals, ferroalloys and steel products. Click the link below for more information; fill out the contact form and a member of Platts staff will be in touch.

Contact Us

Outokumpu's January surcharge for nickel-free type 430 flat products fell Eur58/mt from January's level to Eur606/mt, the lowest since September 2017.

The first-quarter 2019 European ferrochrome benchmark price fell for the third successive quarter to 112 cents/lb from 124 cents/lb in the fourth quarter of 2018.

--Andy Blamey,

--Edited by Daniel Lalor,