The price of stainless steel has been going up rapidly as a result of alloy surcharge price increase in the fourth quarter of last year and beginning of this year. Alloy surcharges went up by 0,31 €/kg for AISI 304 and by 0,40 €/kg for AISI 316L between October 2016 and January 2017. The increase is even more significant over tha last six months where AISI 304 went up by 0,437 €/kg and AISI 316L by 0,54 €/kg. The price trend is outlined in the graph.
Current alloy surcharges have been the highest over the course of last two years. Reasons for stainless steel price increase have been higher demand from consumers, longer production and supply terms from steel producers and also the 2015 implentation of import duties on stainless steel imported from Asian markets.
We do anticipate further increase in prices in the first quarter of 2017.