EUROPEAN STAINLESS STEEL PRICES LOSE LINK TO RAW MATERIAL COSTS

摘要

European stainless steel prices continue to fall, relative to the costs of the constituent raw materials. The “basis plus alloy surcharge” pricing system has been abandoned for most deals between the producers and the major buyers, such as large distributors and stockists. Nevertheless, the mills continue to publish their alloy surcharges. Therefore, it is possible to calculate a nominal basis price, by subtracting the alloy extra from the “effective price.”