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US stainless sheet surcharges fall on lower chrome costs

New York — US stainless flats surcharges will drop in July alongside lower chrome costs, according to raw material levies published by domestic mills Monday.

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ATI Allegheny Ludlum, AK Steel, North American Stainless and Outokumpu Coils America published cold-rolled sheet surcharges for July with Types 304 and 316 stainless at 43.23-43.26 cents/lb and 56.85-56.90 cents/lb, respectively.

Type 304 stainless is down from 54-54.03 cents/lb in June, while Type 316 is down from 69.21-69.37 cents/lb.

July's surcharge for Type 430 stainless sheet was set at 22.82 cents/lb, down from 31.27 cents/lb.

--Justine Coyne, justine.coyne@spglobal.com

--Edited by Richard Rubin, richard.rubin@spglobal.com