European Stainless price increases

Following Outokumpu's lead in late February where they announced base price increased for stainless deliveries for March from stock and April on new production other mills have now followed . Other European stainless steel mills, such as ThyssenKrupp and Arcelor Mittal have raised base price for April 2009 to compensate the dropping alloy surcharge. The new prices for austenitic grade 304 will increase by USD 50 to USD 100 per tonne to USD 900 to USD 950 per tonne.