• Home
  • Nickel Update October 2022

October 2022 Nickel & Surcharge Update

stainless steel and nickel prodcuts


Monthly Nickel and Surcharge Update 

October 2022 Update


Thanks for reading the Ram Alloys Monthly Nickel and 316L s/c update, intended to help our valued customers make educated business decisions.
 Energy Energy Energy:
  • 316L Surcharges rose for the first time in 3 months.
    • We are projecting another increase for November.
  • Nickel increased, but not as much as the energy s/c, which broke a new record.
    • Remember, this is a new "cost" in 2022
    • Many mills are predicting a 3x to 4x energy s/c increase in the coming months
  • The EU Energy situation will absolutely worsen with winter
  • The world's energy is not ready for China to end its Zero-Covid policy, yet OPEC+ is considering production cuts...
    • Many informative articles below



Current TakeNovember2022 Nickel Projections

SECTION 232 EU TRQ: As previously reported, some EU steel was assessed the 25% tariff during Q2 and Q3. We will monitor the TRQ in Q4, as this unpredictable, hefty tax tremendously impacts pricing.

LEAD TIMES: Despite alleged softening, mill lead times are continuing to extend and all mills have further constrained capacity. Accordingly, although demand may dip, the decrease in supply will maintain the imbalance, further adding to pricing pressure.

PRICING: While alloy surcharges are far from May highs, Q4 costs will approach those levels due to:

  1. Base price increases
  2. Energy surcharge increases
  3. Rising nickel
  4. Import/Export Duties
  5. Supply shortages

Story to watch in 2022 (update): 2021 Energy and Aerospace demand for stainless steel and nickel alloys, while up from 2020, is nowhere near historical levels. Either sector can substantially disrupt an already discombobulated supply chain with traditional consumption.

Update: Demand for aerospace and energy-related metal continues to boom. Pricing and supply will be negatively impacted. 

Yearly/Monthly 316L s/c and Ni Charts 

Monthly 316L s/c Comparison


30 Day Charts Historical

Industry News 

Click the links to read the articles below:


EU Quota Info  

EU Quota System Highlights:


Ram Alloys is a niche service center supplying a complete inventory of stainless steel, nickel products, pump shaft quality bars, and boat shaft quality bars in a full range of standard grades. Value-added services include comprehensive and customized processing options, prompt shipping, same-day order turnaround, and 24/7 availability. We're here to ensure that your procurement needs are met quickly and accurately, minimizing schedule impacts and return material authorizations. Request a quote today!