![]() This is used as a hardening agent in stainless steel 316 to improve corrosion resistance.Īs the price of molybdenum goes up, it impacts that 316 stainless steel surcharge. But chrome has a certain impact as well, as described by Nick Webb, Ryerson’s director of risk management, commodities hedging, below:īut another to consider is molybdenum. Historically, nickel has had the biggest impact on these surcharges. But as of late, even foreign mills have begun to limit their production for North America due to heavier demand domestically. In response, some metal buyers turned to the import market, namely China, to get 430 earlier in the year. The 400 series spends more time in the melt furnace compared to 304. ![]()
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