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AUGUST NEWSLETTER - The worm has turned. Nickel prices are falling just about as fast as they went up.  This months nickel prices are averaging $13.43 per pound with low of $12.83 per pound posted on August 8th.  Surcharges obviously will be dropping significantly again in October.  July nickel averaged $ 15.1617 per pound versus June $18.92 per pound. This drop will decrease the 304/304L surcharge to $1.53 per pound in September.  The 316/316L will follow suit dropping to $2.5081 per pound in September versus an August number of $2.9864 per pound.  Nickel inventory remains high at the LME forcing the pricing situation to remain low.

Stainless mill lead times from the mill are 6 to 10 weeks.

Carbon pricing remains stable and lead times from the mill are approximately 5 to 8 weeks.

         

SURCHARGE UPDATE 

 

 Alloy 276 2205 304/304L 316/316L 317L
September, 2007 $20.3818 $2.2191 $1.5329 $2.5080 $3.0299
August $19.1377 $2.4980 $1.8925 $2.9864 $3.5665
July $17.8705 $2.6995 $2.2838 $3.4734 $4.0913
June $15.7716 $2.5135 $2.2098 $3.2931 $3.8544
May $14.2819 $2.3599 $2.0128 $3.0544 $3.5896
April $13.6067 $2.0659 $1.7422 $2.6704 $3.1468
March $12.9786 $1.8905 $1.5248 $2.3963 $2.8432
February $13.1315 $1.7971 $1.4106 $2.2533 $2.6845
January $12.5718 $1.7611 $1.3141 $2.1488 $2.5755
December $12.6577 $1.7777 $1.3370 $2.1793 $2.6097
November $10.9396 $1.7594 $1.2286 $2.0794 $2.5140
October $9.2239 $1.7332 $1.2571 $2.1077 $2.5420
September $9.4300 $1.5537 $1.0952 $1.8479 $2.2321
August $8.0547 $1.4091 $0.8444 $1.5454 $1.9043

 

 

Did you know that Brighton Tru-Edge Heads can heat treat your carbon steel heads?  Brighton's furnace capabilities allow us to perform the heat treatments when required to meet customer and/or Code requirements.  For your information, thermocouples are attached to the heads to ensure proper heating of the material.  Our computer controlled furnaces are equipped to program the required heat treat cycle which is documented on a heat chart.

There are two main heat treatments performed on SA-516-70 material.

  • Normalizing is a heat treatment performed on the material, either in the flat or when required after forming, above the critical transformation temperature. For SA-516-70, the normalizing cycle is 1650º F +/-50º, 1/2 hour per inch of thickness then air cooled.  This heat treatment refines the grain structure of the material.
  • Stress relieving is a heat treatment mainly performed to relieve work hardening stresses in the material.  On cold formed heads, the ASME Code requires some heads to be stress relieved when the fiber elongation exceeds 5%.  Stress relieving of SA-516-70 requires a controlled heating and cooling as detailed in UCS-56 and held at 1100º F minimum for 1 hour per inch of thickness. Note:  There are some exemptions to the stress relieving requirements even if the fiber elongations exceeds 5%.  These exemptions are listed in ASME Section VIII Division 1, UCS-79(d).  For more details, click on the formula below.

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