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2018 - 12 - 24
Stainless steel prices – in particular, those for strip mill products – demonstrated diverse trends, in the traditional steelmaking regions, in 2018.In the United States, the implementation of Section 232 quotas and tariffs, early in 2018, had an immediate inflationary effect on stainless steel coil selling figures. Basis values for grade 304 cold rolled coils declined during the latter part of the year - as did alloy surcharges. However, they remain slightly higher than they were at the beginning of 2018. Furthermore, North American transaction prices will finish the year above the values rec...
2018 - 12 - 17
The global flow of stainless steel products has been negatively affected by the introduction of new trade barriers, in recent years. MEPS predicts that more disruption is possible.The imposition of antidumping duties, by the US authorities, severely reduced shipments of stainless steel sheets and coils from China. Subsequently, Section 232 quotas and tariffs restricted imports from many other countries – notably, those in the Far East.These actions were, clearly, intended to reduce the volume of purchases from overseas suppliers, and create opportunities for US steelmakers to increase their sa...
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...
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