26 September 2022 – The first recently published European alloy surcharges for stainless steel indicate a broad increase in prices. At the same time, energy surcharges should be kept in mind.
EU alloy surcharges rise again
According to the first publications, the European alloy surcharges for October indicate that stainless steel producers are turning the price curve upwards again.
Surcharges rise by up to 4%
According to the figures currently available, alloy surcharges for various stainless steel grades are rising by up to 4%. Forecasts had previously assumed a further decline. Which is also an indication of how cautious such predictions have to be handled and how devastating they can be.
Consider indirect costs in EU alloy surcharges
Nevertheless, one has to be careful with the current European alloy surcharges. The more than opaque energy surcharge now levied by most EU stainless steel producers means that additional costs are being incurred indirectly.
Are they cashing in for free ETS certificates?
In particular, this surcharge is worthy of criticism because for some producers it seems to include costs for ETS certificates that are actually allocated free of charge by the EU to domestic steel producers. Especially when the scrap input is at least 90%.
Stainless Steel World 2022
The Stainless Espresound team and the Gerber Group will be at the Stainless Steel World 2022 trade fair in Maastricht, the Netherlands, at stand D50 from 27 to 29 September 2022. We are looking forward to your visit! Book one of the last free spots here!
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We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
