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September 2022 Nickel & Surcharge Update

stainless steel and nickel prodcuts


Monthly Nickel and Surcharge Update 

September 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.
Pricing Uncertainty Continues:
  • Energy surcharge reaches new high, and further increases expected.
    • Remember, this is a new "cost" in 2022
  • Moly + Iron + Nickel are falling faster than expected.
    • This is likely a demand related drop, although the USD is playing a role for Nickel's decline



Current TakeOctober2022 Nickel Projections

SECTION 232 EU TRQ: We confirmed that EU steel accessed the 25% tariff during Q2 and, some Q3 TRQs are already full, which means more 25% tariffs. This compounds the current pricing uncertainty and may be overlooked.

LEAD TIMES: Mill lead times continue to extend, and capacity remains extremely limited. One may expect this to change with signs of slowing demand, but that's not what we are being told currently.

PRICING: Although surcharges and raw material elements are dropping, prices remain elevated due to significant increases in base prices, energy, and travel costs. This situation is further complicated by limited mill capacity and tariffs - both Section 232 and new Indian export duties.

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: Aerospace and energy remain healthy. Increased demand that was forecasted for Q3-Q1 has been confirmed.


Yearly/Monthly 316L s/c and Ni Charts 

Monthly 316L s/c Comparison


30 Day Charts

Industry News 

Click the links to read the articles below:


EU Quota Info  

EU Quota System Highlights:


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