13 December 2016
Focus: The price of nickel and repercussions on steel AISI 304
- €/Ton 7.000/8.000 between November 2015 and June 2016
- €/Ton 9.000/10.000 from July 2016 until November 2016
- €/Ton 10.000/11.000 from the beginning of November 2016
This dynamic of NICKEL led to the determination of the following EXTRA ALLOY values for AISI 304:
The January value is just estimated, of course, as it will be fixed on the average of Nickel purchasing until December 20, 2016. The extra-alloy value was affected by a greater increase in reference to the nickel increase, because it was also touched by the Chrome price, which is also sensible to the increase dynamic of just all raw materials, typical of the last period. By comparing the average of the extra-alloy of the first semester 2016 (€/Ton 867) with the expected price of the extra-alloy on January 2017 (€/Ton 1.310), the increase is about €/Ton 443. On top of that, one must add about €/Ton 100 for the increase of the base price by all European manufacturers (somebody increased by €/ton 130, too), thus taking the increase difference to 543 €/Ton.