[Steel] July stainless steel surcharge will be increased

Although so far four top European membrane plant only two announced in July prices, But buyers will again be faced with the trend of price increases very significantly in July despite price increases in May compared to the much lower.
Three major steel mills in North America have announced a surcharge in July, the same as in Europe, an increase over June will be much lower. For example, 430 ferrite surcharge in the first year of a downturn.
Buyers were right, the bad news is that the European 316-surcharge has been rising over 5,500 euros / t, the United States nearly 3.5 U.S. dollars / pounds (5,700 U.S. dollars / ton).
London Metal Exchange nickel prices in March period, the surcharge billing its short period in June surcharge billing period.
However, nickel prices are still 49 ,000-50, 000 U.S. dollars / ton oscillation near historical high, and sometimes reached 51. 000 U.S. dollars / ton price.
SBB understand that FeCr prices remained high, but in recent weeks the price of molybdenum rapid rise led to a 316 stainless steel surcharge raised.