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 JULY NEWSLETTER - As predicted in the June newsletter, nickel has finally tumbled. Nickel in the last 30 days has dropped to the $16.000 dollar level thus giving the stainless surcharges a reality check.  August surcharges have dropped dramatically.  The 304/304L surcharge will decrease a whopping 39 cents to $1.89 per pound in August. The 316/316L surcharge will be $2.9864 per pound in August versus a July number of $ 3.2931 per pound. The experts predict nickel pricing to remain stable at the $16.50 range for a while. The LME inventory remains high, but so does the world wide demand. See the nickel graph below showing the last 2 months.

Stainless mill lead times are 6 to 12 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 317/317L
August, 2007 $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

       

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