Outokumpu North America announced to cut its stainless surcharge for July.
After the adjustment, its surcharges for 304 grades decreased to US$0.6641/lb. from US$0.6859/lb. in June; those for 316 grades fell to US$0.9452/lb. from US$0.9770/lb. and those for 430 grades dropped to US$0.2141/lb. from US$0.2158/lb.
Last week, the three major stainless producers in the US, North American Stainless (NAS), AK Steel and ATI Allegheny Ludlum have cut the surcharges for July.