Europe: Outokumpu announces stainless steel surcharges for Dec'24

Outokumpu has released its surcharges for flat alloy products for Dec'24 deliveries, which show a drop in the majorly traded stainless steel grades. Post-revision, prices are:

• 304 (EN 1.4301) series: $2,217/t, down by $92/t from October.
• 316L (EN 1.4404): $3,701/t, down by $116/t m-o-m.
• 430 (EN 1.4016): $1,116/t, up by $15/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.