Stainless Steel Surcharges Increase

Surcharges announced by several European millsBSStainless
show a big jump in price for February delivery forOur head office is based in Blackburn, North West
Austenitic stainless typically 304 and 316 grades. ThisEngland, we specialise in the supply and processing of
follows strengthening commodity prices, Nickel hasstainless steel coil, stainles steel wire, plate, sheet,
risen to over $18,500 per tonne from levels belownails and section. From our head office we control
$16,000 per tonne in early December. The largestsales, distribution and logistics throughout the UK
increase is for Moly bearing grades typically 316 whichand around the world as part of our global strategy.
as well as suffering the effect of higher Nickel prices,To keep pace with the growing demand for our
the main driving factor on these is the surge inproducts we expanded our processing and
Molybdenum prices which have seen significant rises.distribution centre in 200, it is located just 2 minutes
The increase in surcharges for 316 equate to 339from J5 M65 for full location details see map We
Euro or 288 GBP, 304 figures are 175 Euroor 146 GBPare able to offer extra processing capabilities, more
With growing demand from China for stainless steeldiverse stock range new products and increased
and strengthening demand in Europe the outlook forstock levels to over 1000 tonnes of stainless steel.
prices is to remain strong for Q1 and Q2 2010.