by espsteel | Jun 12, 2017 | Uncategorized
As reported in AMM, some distributors expect the surcharges to drop again next month. “I have factored in an 8- to 9-cent decrease in (Type) 304,” a second midwestern distributor said, noting that he expects base prices to remain stable, possibly through this summer....
by espsteel | Apr 27, 2017 | Uncategorized
Only 4 of 21 days into current calculation period, but not “out of the box” very well. Nickel average last period @ 9,870 versus average so far this period at $9,289
by espsteel | Feb 23, 2017 | Uncategorized
Stainless surcharges are varied for March, with Type 304 and 430 extras slipping due to lower iron prices that offset gains in nickel pricing while Type 316 surcharges rose from the previous month thanks to higher nickel and molybdenum tags. (American Metal Market Feb...
by espsteel | Dec 19, 2016 | Uncategorized
The European ferrochrome quarterly benchmark jumped to an eight-year high of $1.65 per pound, up 50 percent from the fourth-quarter 2016 benchmark of $1.10 per pound in September, With nickel also jumping almost 6%, copper up 13%, and scrap up 11.5%, surcharges are...
by espsteel | Nov 21, 2016 | Uncategorized
ESP will be closed for holidays on the following days Thursday Nov 24 and Friday Nov 25 – Thanksgiving Friday Dec 23 and Monday Dec 26 – Christmas Monday January 2 – New Years Day 2017
by espsteel | Oct 28, 2016 | Uncategorized
American Metal Market published a report, “Stainless extras on split paths after chrome switch” that explains the reason for an unexpected jump in surcharges. In the article, they note that 3 mills – NAS, Outokumpu and Allegheny Technologies...
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