European stainless bar surcharges: some up, some down Alloy surcharges on austenitic stainless steel bar in Europe continue to drift downwards the figures so far announced for January show, while those on ferritic grades show an increase (see table).
This contrasting behaviour reflects the way in which nickel’s overall price weakening in past weeks has masked higher scrap prices to push austenitic surcharge values down. Chromium and molybdenum prices have been relatively stable of late.
