Effective with shipments October 1, 2011 North Amercian Stainless will change the raw material period used in calculating the surcharge for all stainless grades and products. This change is necessary to more closely align our raw materials with our production lead times.
The surcharge basis for shipments in each monthly period, is as follows:
LME Nickel average price calculated on the daily official cash settlement price from the 21st day of the prior month through the 20th day of the current month will determine the nickel surcharge for next month.
Raw materials surcharges will be based on the average of the four weekly prices, as referenced in Platts Metals Weekly and Ryan’s Notes on before the 23rd day of every month.
For components with monthly settlement prices, surcharges will be based on the previous month’s final settelement price.
Applicable surcharges will apply based on NAS sales acknowledgment dates.
We appreciate your continued support as we implement this change. If you have any questions, please contact your Regional Sales Representative.