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Here’s why surcharges jumped in November

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 – switched to a quarterly European ferrochrome benchmark published by AMM sister publication Metal Bulletin (amm.com, Oct. 11)