Stainless Steel Surcharges to Rise

Stainless Steel Surcharges to Rise: "Following recent strengthening of Nickel prices on the LME surcharges for September stainless steel deliveries are expected to rise. With the current price levels of Nickel this should result in around 50 GBP ( 61 EURO) increase for 304 (1.4301) and around 75 GBP (91 EURO) for 316 (1.4404). You can see an extract from the Wall street journal that may shed some light on the background to the increases and potential outlook"