Europe: Outokumpu announces stainless steel surcharges for Jul’24

European stainless steel maker, Outokumpu, has released its surcharges for flat alloy products for Jul’24 deliveries. Post-revision, prices are:

• 304 (EN 1.4301) series: $2,480/t, down by $7/t from June.
• 316L (EN 1.4404): $4,124/t, up by $88/t m-o-m.
• 430 (EN 1.4016): $1,097/t, down by $4/t m-o-m.

The company’s annual production capacity is 2.8 mnt of cold-rolled stainless steel and 0.5 mnt of hot-rolled stainless steel.