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2018 - 11 - 08
MEPS North American average stainless steel transaction values decreased, in October, due to large reductions in alloy surcharges. Basis numbers remained stable. Mill delivery lead times, for new production, remain short. Price negotiations may be possible, therefore, on basis numbers for larger order volumes. Purchasing activity reduced due, in part, to political uncertainty, ahead of the midterm elections and year-end destocking.Selling figures are forecast to continue to move down, during the remainder of 2018, mainly due to reductions in raw material costs. Low inventory levels, in the mar...
2018 - 10 - 29
EU steel prices for strip mill products either remained stable or turned down slightly, in October. The negative movement was most pronounced in the south of the region, i.e. Italy and Spain. EU steel producers continue to target higher prices but face strong resistance to this initiative. This comes, particularly, from service centres, due to their inability to fully pass on previous increases to their customers. Moreover, inventories at the distributors are relatively high, enabling them to postpone immediate purchasing decisions until the future pricing trend becomes clear.Domestic mill del...
2018 - 10 - 08
EU Stainless Steel Prices Forecast to DeclineThe MEPS predicts that EU stainless steel prices will continue to decline, in the short term. Flat product transaction values fell, in September, mainly due to decreases in alloy surcharges.Reductions in alloy surcharges have been announced, for October, and further cuts are expected in November. Many customers will, therefore, delay placing orders. EU stainless steel mills will attempt to limit the impact of the decrease in the cost of alloying extras on their effective selling prices, in the months ahead. However, this may prove difficult under cu...
2018 - 09 - 13
ESCALATING TRADE TENSIONS DISRUPT GLOBAL STAINLESS STEEL MARKETThe global stainless steel market is, currently, unclear. Growing trade concerns and volatile raw material costs are causing market participants to become increasingly apprehensive in their purchasing decisions. Prices in the US soared, following the introduction of Section 232 tariffs, while transaction values in the EU and Asia struggled to move up in line with rising input expenditure. Buyers are now trying to assess the impact on stainless steel prices around the world, in the coming months. US producers are benefiting from goo...
2018 - 05 - 24
China securities network news (reporter song weiping) the 10th China international steel conference organized by China iron and steel association was recently held in Beijing.Said at the meeting, deputy general manager of Shanghai futures exchange Ye Chunhe, steel futures in the aspects of optimization of industrial structure market function effectively, the next step will do fine fine varieties of the previous period, the process of product innovation and internationalization.In recent years, the institute has become an influential risk management platform in China and the world by strengthen...
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