23 August 2023 – Stainless steel alloy surcharges in the United States for September 2023 are increasing. In particular, the surcharge for 316/316L is jumping up. Natural gas prices in Germany fell dramatically in July. And Asian commodities continue to develop positively.

US mills raise stainless steel alloy surcharges for September 2023

Although one of the major US stainless steel producers is still missing the current stainless steel alloy surcharges for September 2023, there are already indications that prices for September in the 300 series are likely to rise. In particular, 316/316L alloy surcharges are up more than 3%. At the same time, alloy surcharges in the 400 series are moving sideways.

German natural gas prices down 50.6% in July

In July 2023, energy prices in Germany were 19.2% lower than a year earlier. Producer prices for natural gas were even 40.6% lower than in July 2022. Import prices for natural gas fell even more significantly by 50.6% compared to the same month last year. Good news for the manufacturing industry in Europe’s largest member state, which had long complained about excessively high energy costs. This should bring relief for the important industrial location.

Commodities in Asia remain friendly

Prices for Asian commodities continued to develop positively today. In particular, iron ore rose by approx. 3.7%, HRC by approx. 1.2%, coke by approx. 2.9% and coking coal by approx. 4.1%. However, the nickel price also continues to hold steady at approx. $ 23,300 on the Asian SHFE and currently at approx. $ 20,600 on the European LME. 

不锈钢展-2024第二十四届广州国际不锈钢工业展--The 24th China(Guangzhou)Int''l Stainless Steel Industry Exhibition 2024不锈钢展，2024不锈钢展会，2024不锈钢展览会，2024广州不锈钢展，2024广州不锈钢展会，2024广东不锈钢展，2024广东不锈钢展会，2024中国不锈钢展，2024中国不锈钢展会，2024不锈钢博览会-Stainless Steel Industry Exhibition,Stainless Steel expo, 2024 Stainless Steel exhibition, 2024 Stainless Steel expo, China Stainless Steel exhibition, China Stainless Steel expo,-Stainless Steel Industry event,Stainless Steel event, 2024 Stainless Steel event, 2024 Stainless Steel event, China Stainless Steel event, China Stainless Steel event