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StainlessOnly!
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Yet another Mill
Surcharge: PITTSBURGH,
Jan. 25 -- Allegheny Ludlum Corp. here said Tuesday it would attempt
To
raise prices on stainless steel sheet, strip and coiled plate by between 4
and
6 percent Effective
with shipments Feb. 7. It is the industry's second, Allegheny Ludlum-led
Stainless
steel price hike in six weeks. The company led a 4 to 6 percent increase on
Stainless
steel coiled and uncoiled plate that went into effect Jan. 4. It also has
been
at the Forefront of revising raw material surcharge
triggers for nickel and chromium in the past Several
months. The nickel surcharge trigger is set at $2 per pound while the
surcharge
Level
for chromium is set at 35 cents per pound. For your info: Since the start of the Federal tax of imported steel (Sept
’99),
US based mills have added A total of $20.00cwt in Nickel Surcharges. This newest mill
press
release indicates that The prices for stainless steel products will continue to climb.
Scrap Pricing (Philadelphia): Scrap has remained constant, holding around $35.00cwt.
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