Europe: Outokumpu announces stainless steel surcharges for Aug’24

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

• 304 (EN 1.4301) series: $2,292/t, down by $188/t from July.
• 316L (EN 1.4404): $3,868/t, down by $256/t m-o-m.
• 430 (EN 1.4016): $1,098/t, up marginally by $1/t m-o-m.

The company’s annual melt production capacity is 2.55 mnt and cold-rolled/hot-rolled strip production of 1.6 mnt/year.