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MEPS predicts a Stainless Steel price upturn over next one year

The current condition and short-term outlook for the stainless steel market is rather mixed. Demand varies by sector. Sales to the automotive supply chain remain quite buoyant, as they have been fairly consistent in recent years, said MEPS International in ...

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Nickel price growth promotes stainless steel market

On November 28, TISCO assured the investors that nickel price growth will support and promote stainless steel price to go up. There are several factors that influence products’ prices. The increase of raw materials price will normally back up products’ ...

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Excess Stainless Steel Prompts China to Dump Steel to International Mark

In response to the dramatic slowdown in the demand for stainless steel in China’s construction industry, China’s biggest steel producers started exporting steel to the international market in humongous proportions. Just last September, Metal Miner recorded a Chinese steel export of 8.52 million tons, ...

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Tang Eng cuts stainless steel prices for October

Tang Eng Iron Works, one of the major stainless steel producers in Taiwan announced to cut its domestic prices for 300 series stainless flat rolled steel products by TWD 2,000 per tonne for October deliveries due to lower nickel prices. ...

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Taigang Stainless Steel updates for first six months of 2014

Taigang Stainless Steel Company registered a profit of CNY 385 million during the first six months of the year, up 15.42% YoY. The company attributed the rise in profits to surging nickel prices, which helped buoy up the stainless steel ...

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Stainless Steel Sheets and Coil June Exports in China declines by 18.2%

Based on the report released by the Chinese customs, stainless steel sheets and coil exports of China in the month of June 2014 was about 268,143 tonnes, declined by 18.2 pct from the previous month exports In the month of ...

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AK Steel announces stainless steel price increase

AK Steel announced that it will increase base prices for all of its stainless steel products, effective with shipments on July 6th 2014. All automotive grades will be increased by USD 40 per tonne and that all non automotive grades ...

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China’s Ningbo Baoxin to release domestic stainless steel prices

Ningbo Baoxin Stainless Steel, the subsidiary of the Chinese steel giant Baosteel Group released its domestic prices for June. The company’s 304 2B 2 mm CR stainless steel price is at CNY 23,200 per tonne and that of 304L is ...

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Austenitic stainless steel price hikes driven by higher nickel costs

The upward trend in nickel values, which has been in place since the beginning of 2014, has contributed to a substantial increase in stainless steel prices in May. Following the very rapid rise in nickel figures during the past month, ...

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Plentiful supply keeps EU steel prices in check

Trading volumes of flat products have been slow since Meps’ April research due to a number of Easter and Labour Day holidays in Western Europe. Only minor price changes have been noted. However, overcapacity, negative sentiment and increasing third country ...

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