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21 Apr
10:49

Ovako raises some surcharges for May, lowers other

Swedish engineering steel specialist Ovako has lowered three out of its six alloying element surcharges for hot rolled bar for May. The company’s scrap surcharge for May has also been lowered continuing ferrous scrap’s seesawing price trajectory in 2020. The alloy surcharge for nickel continues its steady descent, Kallanish notes. Ovako’s nickel surcharge falls for May for the fifth month in a row to SEK 887/tonne ($90.47/t) per 1% alloying eleme…
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