Don’t take this to the bank yet, but it looks like 303 and 304 down a penny and 316 up a couple in July compared to June. Outokumpu has published the stainless bar alloy surcharge, waiting for other mills.
Even more importantly . . .
Nickel Average for Calc Period 18,788
Nickel at Present 18,350
This the result of sharp declines during the calc period, from a beginning value of $19,670 to a present of $18,350 (a 6.7% drop during the calc period). The takeaway on this is that we would likely expect substantive drops for August, as the current nickel is 2.3% UNDER average for the current calculation period.