It's reported that Outokumpu Stainless USA announced to raise its surcharges for most stainless steel products for September.
The company's surcharges for 304 grades stainless steel are at US$0.6519/lb., rising by 2.6%; those for 201 grades were at US$0.4407/lb., increasing by 1.5%; those for 316 grades were at US$0.8912/lb., up by 1%, all compared to those in a month ago.
However, the company cut its surcharges for 430 grades which contain no nickel by 1.7% from the previous month to US$0.2261/lb.