Europe: Outokumpu reduces stainless steel surcharges for May’25

Outokumpu has released its surcharges for flat alloy products for May’25 deliveries, reducing those for the majorly traded stainless steel grades. Post-revision, prices were:

• 304 (EN 1.4301) series: $2,186/t, down $52/t m-o-m.
• 316L (EN 1.4404): $3,594/t, down by $99/t m-o-m.
• 430 (EN 1.4016): $1,121/t, down by $1/t m-o-m.

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