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APRIL NEWSLETTER Stainless steel lead times are averaging 10 to 11 weeks. Carbon steel lead times are averaging 7 to 10 weeks and pricing is stable.
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| 2304 | 2205 | 304/304L | 316/316L | 317/317L | |
| May, 2005 | $0.4488 | $1.5571 | $0.6314 | $1.4727 | $1.9060 |
| April | $0.4355 | $1.3232 | $0.6052 | $1.2918 | $1.6466 |
| March | $0.4304 | $1.4594 | $0.5870 | $1.3602 | $1.7567 |
| February | $0.4220 | $1.4213 | $0.5672 | $1.3137 | $1.6958 |
| January | $0.4350 | $1.2080 | $0.5861 | $1.1846 | $1.4916 |
| December | $0.4388 | $1.1053 | $0.5957 | $1.1264 | $1.4001 |
| November | $0.4017 | $0.9592 | $0.5370 | $0.9844 | $1.2179 |
| October | $0.4179 | $0.9449 | $0.5599 | $0.9905 | $1.2157 |
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March nickel averaged $7.34 per
pound versus $6.96 per pound in February. The 304/304L surcharge for
the month of May will be $.6314 per pound. As mentioned in our last
newsletter, Molybdenum prices sky rocketed in March. Molybdenum
averaged $33.14 per pound in March versus $ 27.07 per pound in
February. The 316/316L surcharge for May will be $1.4727 per pound,
an increase of approximately 18 cents a pound versus April. Both nickel and
molybdenum pricing remains high thus far this month. See the
second chart below to show the history of 304/304L and 316/316L.