Alloy surcharge prices continue to fall (July 2022)

As the Filame Group does every month, we have consulted our panel of suppliers to provide the most accurate estimate possible of the evolution of the price of alloy extras for the stainless steel grades that the Filame Group uses regularly.

In June, after the surge in May, we saw a drop in prices for the first time.

In July, we can see that the slight downturn continues.

This seems to reflect a drop in economic activity that began to be felt in June and which is notably due to the various geo-political events.

This movement does not mean that we will return to the prices that prevailed in 2019.  Indeed, the demand for nickel in particular remains very strong and is driven by the demand for this metal in the battery industry.

It should be noted that all suppliers still apply an energy surcharge ranging from €235/tonne to €385/tonne to take into account the increased energy costs. This surcharge, however, is not decreasing.

Filame reminds us that the price of the alloy surcharge is set month by month by the various suppliers according to the qualities of stainless steel they offer.  There are therefore differences between the various suppliers but the trend is noticeable for all of them.

Furthermore, the price is set on the day the material is delivered. There may therefore be differences between the time of ordering and the time of delivery, especially as delivery times have not decreased.

It should also be noted that the figures below are a general trend among steel manufacturers and that the price among slitters, wire drawers or wholesalers varies according to the quality requested, the nature of the product (sheet, coil, wire), the quantities requested, the thickness or diameter of the wire and the packaging.

Filame also draws the attention of its clients to the fact that, if necessary, it will have to adapt its prices in relation to the time of the order, depending on changes in the price of materials and the time of delivery.