Stainless transaction prices in Europe are base price + alloy surcharge, with the surcharge — reset monthly by mills — carrying the nickel, molybdenum and ferrochrome exposure. Anchors from published mill data: Aperam's June 2026 surcharge reached €2,365/t for 304 and €4,056/t for 316L, and July surcharges moved higher again on firm nickel (~$17,000/t). The tables below are the ScInfoLabs indicative model built on those anchors: switch views for daily, monthly and quarterly perspectives.
Plates (CR/HR, 2B/No.1)
EUR / TONNE · PER-KG PRICE SHOWN BENEATH EACH VALUE · DELIVERED EU BASIS · SPOT ESTIMATE TODAY
| Grade | EU base | Alloy surcharge | EU total | Non-EU (India) total* | Movement |
|---|---|---|---|---|---|
| 304 / 1.4301 | €1,350€1.35 /kg | €2,410€2.41 /kg | €3,760€3.76 /kg | €3,234€3.23 /kg | ▲ 0.15% d/d (Ni-linked) |
| 304L / 1.4307 | €1,380€1.38 /kg | €2,455€2.46 /kg | €3,835€3.83 /kg | €3,298€3.30 /kg | ▲ 0.15% d/d (Ni-linked) |
| 316 / 1.4401 | €1,520€1.52 /kg | €4,080€4.08 /kg | €5,600€5.60 /kg | €4,816€4.82 /kg | ▲ 0.28% d/d (Ni-linked) |
| 316L / 1.4404 | €1,550€1.55 /kg | €4,100€4.10 /kg | €5,650€5.65 /kg | €4,859€4.86 /kg | ▲ 0.28% d/d (Ni-linked) |
| 321 / 1.4541 | €1,490€1.49 /kg | €2,560€2.56 /kg | €4,050€4.05 /kg | €3,483€3.48 /kg | ▲ 0.12% d/d (Ni-linked) |
| 430 / 1.4016 | €1,050€1.05 /kg | €960€0.96 /kg | €2,010€2.01 /kg | €1,729€1.73 /kg | ▲ 0.02% d/d (Ni-linked) |
| Duplex 2205 / 1.4462 | €1,980€1.98 /kg | €3,120€3.12 /kg | €5,100€5.10 /kg | €4,386€4.39 /kg | ▲ 0.22% d/d (Ni-linked) |
| Super Duplex 2507 / 1.4410 | €2,650€2.65 /kg | €4,430€4.43 /kg | €7,080€7.08 /kg | €6,089€6.09 /kg | ▲ 0.31% d/d (Ni-linked) |
Round Bars (peeled/drawn)
EUR / TONNE · PER-KG PRICE SHOWN BENEATH EACH VALUE · DELIVERED EU BASIS · SPOT ESTIMATE TODAY
| Grade | EU base | Alloy surcharge | EU total | Non-EU (India) total* | Movement |
|---|---|---|---|---|---|
| 304 / 1.4301 | €1,593€1.59 /kg | €2,410€2.41 /kg | €4,003€4.00 /kg | €3,443€3.44 /kg | ▲ 0.15% d/d (Ni-linked) |
| 304L / 1.4307 | €1,628€1.63 /kg | €2,455€2.46 /kg | €4,083€4.08 /kg | €3,512€3.51 /kg | ▲ 0.15% d/d (Ni-linked) |
| 316 / 1.4401 | €1,794€1.79 /kg | €4,080€4.08 /kg | €5,874€5.87 /kg | €5,051€5.05 /kg | ▲ 0.28% d/d (Ni-linked) |
| 316L / 1.4404 | €1,829€1.83 /kg | €4,100€4.10 /kg | €5,929€5.93 /kg | €5,099€5.10 /kg | ▲ 0.28% d/d (Ni-linked) |
| 321 / 1.4541 | €1,758€1.76 /kg | €2,560€2.56 /kg | €4,318€4.32 /kg | €3,714€3.71 /kg | ▲ 0.12% d/d (Ni-linked) |
| 430 / 1.4016 | €1,239€1.24 /kg | €960€0.96 /kg | €2,199€2.20 /kg | €1,891€1.89 /kg | ▲ 0.02% d/d (Ni-linked) |
| Duplex 2205 / 1.4462 | €2,336€2.34 /kg | €3,120€3.12 /kg | €5,456€5.46 /kg | €4,693€4.69 /kg | ▲ 0.22% d/d (Ni-linked) |
| Super Duplex 2507 / 1.4410 | €3,127€3.13 /kg | €4,430€4.43 /kg | €7,557€7.56 /kg | €6,499€6.50 /kg | ▲ 0.31% d/d (Ni-linked) |
Hollow Bars (bored/trepanned)
EUR / TONNE · PER-KG PRICE SHOWN BENEATH EACH VALUE · DELIVERED EU BASIS · SPOT ESTIMATE TODAY
| Grade | EU base | Alloy surcharge | EU total | Non-EU (India) total* | Movement |
|---|---|---|---|---|---|
| 304 / 1.4301 | €2,092€2.09 /kg | €2,410€2.41 /kg | €4,502€4.50 /kg | €3,872€3.87 /kg | ▲ 0.15% d/d (Ni-linked) |
| 304L / 1.4307 | €2,139€2.14 /kg | €2,455€2.46 /kg | €4,594€4.59 /kg | €3,951€3.95 /kg | ▲ 0.15% d/d (Ni-linked) |
| 316 / 1.4401 | €2,356€2.36 /kg | €4,080€4.08 /kg | €6,436€6.44 /kg | €5,535€5.53 /kg | ▲ 0.28% d/d (Ni-linked) |
| 316L / 1.4404 | €2,402€2.40 /kg | €4,100€4.10 /kg | €6,502€6.50 /kg | €5,592€5.59 /kg | ▲ 0.28% d/d (Ni-linked) |
| 321 / 1.4541 | €2,310€2.31 /kg | €2,560€2.56 /kg | €4,870€4.87 /kg | €4,188€4.19 /kg | ▲ 0.12% d/d (Ni-linked) |
| 430 / 1.4016 | €1,628€1.63 /kg | €960€0.96 /kg | €2,588€2.59 /kg | €2,225€2.23 /kg | ▲ 0.02% d/d (Ni-linked) |
| Duplex 2205 / 1.4462 | €3,069€3.07 /kg | €3,120€3.12 /kg | €6,189€6.19 /kg | €5,323€5.32 /kg | ▲ 0.22% d/d (Ni-linked) |
| Super Duplex 2507 / 1.4410 | €4,108€4.11 /kg | €4,430€4.43 /kg | €8,538€8.54 /kg | €7,342€7.34 /kg | ▲ 0.31% d/d (Ni-linked) |
Plates (CR/HR, 2B/No.1)
EUR / TONNE · PER-KG PRICE SHOWN BENEATH EACH VALUE · DELIVERED EU BASIS · JULY 2026 MONTH LEVEL
| Grade | EU base | Alloy surcharge | EU total | Non-EU (India) total* | Movement |
|---|---|---|---|---|---|
| 304 / 1.4301 | €1,350€1.35 /kg | €2,410€2.41 /kg | €3,760€3.76 /kg | €3,234€3.23 /kg | ▲ 1.9% m/m |
| 304L / 1.4307 | €1,380€1.38 /kg | €2,455€2.46 /kg | €3,835€3.83 /kg | €3,298€3.30 /kg | ▲ 1.9% m/m |
| 316 / 1.4401 | €1,520€1.52 /kg | €4,080€4.08 /kg | €5,600€5.60 /kg | €4,816€4.82 /kg | ▲ 2.3% m/m |
| 316L / 1.4404 | €1,550€1.55 /kg | €4,100€4.10 /kg | €5,650€5.65 /kg | €4,859€4.86 /kg | ▲ 2.3% m/m |
| 321 / 1.4541 | €1,490€1.49 /kg | €2,560€2.56 /kg | €4,050€4.05 /kg | €3,483€3.48 /kg | ▲ 1.8% m/m |
| 430 / 1.4016 | €1,050€1.05 /kg | €960€0.96 /kg | €2,010€2.01 /kg | €1,729€1.73 /kg | ▲ 0.6% m/m |
| Duplex 2205 / 1.4462 | €1,980€1.98 /kg | €3,120€3.12 /kg | €5,100€5.10 /kg | €4,386€4.39 /kg | ▲ 2.0% m/m |
| Super Duplex 2507 / 1.4410 | €2,650€2.65 /kg | €4,430€4.43 /kg | €7,080€7.08 /kg | €6,089€6.09 /kg | ▲ 2.4% m/m |
Round Bars (peeled/drawn)
EUR / TONNE · PER-KG PRICE SHOWN BENEATH EACH VALUE · DELIVERED EU BASIS · JULY 2026 MONTH LEVEL
| Grade | EU base | Alloy surcharge | EU total | Non-EU (India) total* | Movement |
|---|---|---|---|---|---|
| 304 / 1.4301 | €1,593€1.59 /kg | €2,410€2.41 /kg | €4,003€4.00 /kg | €3,443€3.44 /kg | ▲ 1.9% m/m |
| 304L / 1.4307 | €1,628€1.63 /kg | €2,455€2.46 /kg | €4,083€4.08 /kg | €3,512€3.51 /kg | ▲ 1.9% m/m |
| 316 / 1.4401 | €1,794€1.79 /kg | €4,080€4.08 /kg | €5,874€5.87 /kg | €5,051€5.05 /kg | ▲ 2.3% m/m |
| 316L / 1.4404 | €1,829€1.83 /kg | €4,100€4.10 /kg | €5,929€5.93 /kg | €5,099€5.10 /kg | ▲ 2.3% m/m |
| 321 / 1.4541 | €1,758€1.76 /kg | €2,560€2.56 /kg | €4,318€4.32 /kg | €3,714€3.71 /kg | ▲ 1.8% m/m |
| 430 / 1.4016 | €1,239€1.24 /kg | €960€0.96 /kg | €2,199€2.20 /kg | €1,891€1.89 /kg | ▲ 0.6% m/m |
| Duplex 2205 / 1.4462 | €2,336€2.34 /kg | €3,120€3.12 /kg | €5,456€5.46 /kg | €4,693€4.69 /kg | ▲ 2.0% m/m |
| Super Duplex 2507 / 1.4410 | €3,127€3.13 /kg | €4,430€4.43 /kg | €7,557€7.56 /kg | €6,499€6.50 /kg | ▲ 2.4% m/m |
Hollow Bars (bored/trepanned)
EUR / TONNE · PER-KG PRICE SHOWN BENEATH EACH VALUE · DELIVERED EU BASIS · JULY 2026 MONTH LEVEL
| Grade | EU base | Alloy surcharge | EU total | Non-EU (India) total* | Movement |
|---|---|---|---|---|---|
| 304 / 1.4301 | €2,092€2.09 /kg | €2,410€2.41 /kg | €4,502€4.50 /kg | €3,872€3.87 /kg | ▲ 1.9% m/m |
| 304L / 1.4307 | €2,139€2.14 /kg | €2,455€2.46 /kg | €4,594€4.59 /kg | €3,951€3.95 /kg | ▲ 1.9% m/m |
| 316 / 1.4401 | €2,356€2.36 /kg | €4,080€4.08 /kg | €6,436€6.44 /kg | €5,535€5.53 /kg | ▲ 2.3% m/m |
| 316L / 1.4404 | €2,402€2.40 /kg | €4,100€4.10 /kg | €6,502€6.50 /kg | €5,592€5.59 /kg | ▲ 2.3% m/m |
| 321 / 1.4541 | €2,310€2.31 /kg | €2,560€2.56 /kg | €4,870€4.87 /kg | €4,188€4.19 /kg | ▲ 1.8% m/m |
| 430 / 1.4016 | €1,628€1.63 /kg | €960€0.96 /kg | €2,588€2.59 /kg | €2,225€2.23 /kg | ▲ 0.6% m/m |
| Duplex 2205 / 1.4462 | €3,069€3.07 /kg | €3,120€3.12 /kg | €6,189€6.19 /kg | €5,323€5.32 /kg | ▲ 2.0% m/m |
| Super Duplex 2507 / 1.4410 | €4,108€4.11 /kg | €4,430€4.43 /kg | €8,538€8.54 /kg | €7,342€7.34 /kg | ▲ 2.4% m/m |
Plates (CR/HR, 2B/No.1)
EUR / TONNE · PER-KG PRICE SHOWN BENEATH EACH VALUE · DELIVERED EU BASIS · Q3 2026 AVERAGE & PROGNOSIS
| Grade | EU base | Alloy surcharge | EU total | Non-EU (India) total* | Movement |
|---|---|---|---|---|---|
| 304 / 1.4301 | €1,350€1.35 /kg | €2,410€2.41 /kg | €3,760€3.76 /kg | €3,234€3.23 /kg | ▲ 5.5% q/q · Q4-26E: firm |
| 304L / 1.4307 | €1,380€1.38 /kg | €2,455€2.46 /kg | €3,835€3.83 /kg | €3,298€3.30 /kg | ▲ 5.4% q/q · Q4-26E: firm |
| 316 / 1.4401 | €1,520€1.52 /kg | €4,080€4.08 /kg | €5,600€5.60 /kg | €4,816€4.82 /kg | ▲ 7.1% q/q · Q4-26E: firm |
| 316L / 1.4404 | €1,550€1.55 /kg | €4,100€4.10 /kg | €5,650€5.65 /kg | €4,859€4.86 /kg | ▲ 7.2% q/q · Q4-26E: firm |
| 321 / 1.4541 | €1,490€1.49 /kg | €2,560€2.56 /kg | €4,050€4.05 /kg | €3,483€3.48 /kg | ▲ 5.0% q/q · Q4-26E: firm |
| 430 / 1.4016 | €1,050€1.05 /kg | €960€0.96 /kg | €2,010€2.01 /kg | €1,729€1.73 /kg | ▲ 1.8% q/q · Q4-26E: firm |
| Duplex 2205 / 1.4462 | €1,980€1.98 /kg | €3,120€3.12 /kg | €5,100€5.10 /kg | €4,386€4.39 /kg | ▲ 6.0% q/q · Q4-26E: firm |
| Super Duplex 2507 / 1.4410 | €2,650€2.65 /kg | €4,430€4.43 /kg | €7,080€7.08 /kg | €6,089€6.09 /kg | ▲ 7.6% q/q · Q4-26E: firm |
Round Bars (peeled/drawn)
EUR / TONNE · PER-KG PRICE SHOWN BENEATH EACH VALUE · DELIVERED EU BASIS · Q3 2026 AVERAGE & PROGNOSIS
| Grade | EU base | Alloy surcharge | EU total | Non-EU (India) total* | Movement |
|---|---|---|---|---|---|
| 304 / 1.4301 | €1,593€1.59 /kg | €2,410€2.41 /kg | €4,003€4.00 /kg | €3,443€3.44 /kg | ▲ 5.5% q/q · Q4-26E: firm |
| 304L / 1.4307 | €1,628€1.63 /kg | €2,455€2.46 /kg | €4,083€4.08 /kg | €3,512€3.51 /kg | ▲ 5.4% q/q · Q4-26E: firm |
| 316 / 1.4401 | €1,794€1.79 /kg | €4,080€4.08 /kg | €5,874€5.87 /kg | €5,051€5.05 /kg | ▲ 7.1% q/q · Q4-26E: firm |
| 316L / 1.4404 | €1,829€1.83 /kg | €4,100€4.10 /kg | €5,929€5.93 /kg | €5,099€5.10 /kg | ▲ 7.2% q/q · Q4-26E: firm |
| 321 / 1.4541 | €1,758€1.76 /kg | €2,560€2.56 /kg | €4,318€4.32 /kg | €3,714€3.71 /kg | ▲ 5.0% q/q · Q4-26E: firm |
| 430 / 1.4016 | €1,239€1.24 /kg | €960€0.96 /kg | €2,199€2.20 /kg | €1,891€1.89 /kg | ▲ 1.8% q/q · Q4-26E: firm |
| Duplex 2205 / 1.4462 | €2,336€2.34 /kg | €3,120€3.12 /kg | €5,456€5.46 /kg | €4,693€4.69 /kg | ▲ 6.0% q/q · Q4-26E: firm |
| Super Duplex 2507 / 1.4410 | €3,127€3.13 /kg | €4,430€4.43 /kg | €7,557€7.56 /kg | €6,499€6.50 /kg | ▲ 7.6% q/q · Q4-26E: firm |
Hollow Bars (bored/trepanned)
EUR / TONNE · PER-KG PRICE SHOWN BENEATH EACH VALUE · DELIVERED EU BASIS · Q3 2026 AVERAGE & PROGNOSIS
| Grade | EU base | Alloy surcharge | EU total | Non-EU (India) total* | Movement |
|---|---|---|---|---|---|
| 304 / 1.4301 | €2,092€2.09 /kg | €2,410€2.41 /kg | €4,502€4.50 /kg | €3,872€3.87 /kg | ▲ 5.5% q/q · Q4-26E: firm |
| 304L / 1.4307 | €2,139€2.14 /kg | €2,455€2.46 /kg | €4,594€4.59 /kg | €3,951€3.95 /kg | ▲ 5.4% q/q · Q4-26E: firm |
| 316 / 1.4401 | €2,356€2.36 /kg | €4,080€4.08 /kg | €6,436€6.44 /kg | €5,535€5.53 /kg | ▲ 7.1% q/q · Q4-26E: firm |
| 316L / 1.4404 | €2,402€2.40 /kg | €4,100€4.10 /kg | €6,502€6.50 /kg | €5,592€5.59 /kg | ▲ 7.2% q/q · Q4-26E: firm |
| 321 / 1.4541 | €2,310€2.31 /kg | €2,560€2.56 /kg | €4,870€4.87 /kg | €4,188€4.19 /kg | ▲ 5.0% q/q · Q4-26E: firm |
| 430 / 1.4016 | €1,628€1.63 /kg | €960€0.96 /kg | €2,588€2.59 /kg | €2,225€2.23 /kg | ▲ 1.8% q/q · Q4-26E: firm |
| Duplex 2205 / 1.4462 | €3,069€3.07 /kg | €3,120€3.12 /kg | €6,189€6.19 /kg | €5,323€5.32 /kg | ▲ 6.0% q/q · Q4-26E: firm |
| Super Duplex 2507 / 1.4410 | €4,108€4.11 /kg | €4,430€4.43 /kg | €8,538€8.54 /kg | €7,342€7.34 /kg | ▲ 7.6% q/q · Q4-26E: firm |
Reading the market — Q3/Q4 2026 prognosis
Direction: firm with a nickel bias. North American stainless turned +3.9% in Q1 2026 after a 10.8% slide across 2025, and European surcharges have climbed monthly on nickel and ferrochrome strength. Expect Mo-bearing grades (316/316L, super duplex) to outpace 304-family on any nickel/moly rally — the 316L-over-304 surcharge gap (~€1,700/t) is historically wide and is itself a signal of alloy-market tightness. Ferritic 430 remains the low-volatility refuge for applications that tolerate it.
*Origin economics. Non-EU (India, and similarly Vietnam/Indonesia) offers typically land 10–18% below EU mill totals (modeled at −14% here) — but carry EU safeguard-quota timing risk, possible anti-dumping/CBAM exposure, and 8–14 week lead times versus 2–6 weeks ex-EU-mill. The classic buyer's split: EU origin for time-critical and certified-pressure applications, Indian origin for planable volume on plates and standard bars.
Buyer's playbook. Surcharges are published around the 25th for the following month — time large bookings just after a nickel dip crystallizes into a lower monthly surcharge. Index long contracts to the published mill surcharge (never fix it), qualify a second (non-EU) source now while quotas are open, and watch our live dashboard copper/nickel complex as the early-warning signal.
Sources & method: Aperam official alloy surcharges · Outokumpu surcharge tables · MetalMiner stainless index · LZ-Prognose surcharge methodology. Base prices, form premiums and origin differentials are ScInfoLabs indicative estimates layered on published surcharge anchors — obtain formal mill/stockholder quotations before contracting.
Informational research summary as of the date above, compiled from the linked institutional sources. Not investment, trading or procurement advice; figures are approximate published levels and forecasts — verify before acting.