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2019 - 04 - 08
Rising raw material costs have combined with traditional, seasonal factors to provide expectations for a strong recovery in stainless steel prices during the second trimester of 2019. LME nickel costs followed an upward trend from the beginning of January until early March.Market participants, correctly, predicted a rise in the European ferrochrome contract, in the second quarter. Consequently, suppliers were encouraged to push for an uplift in nominal basis prices. In February, most ex-mill transaction values, for 300-series coils, rose by more than the hike in alloy extras. This introduced t...
2019 - 04 - 02
Global Stainless Steel Price Upturn Anticipated29/03/2019Rising Raw Material Costs Drive Steel Prices Upwards in Emerging Markets28/03/2019Steelmakers Struggling to Implement Price Hikes26/03/2019Changbao Orders World’s Most Advanced Seamless Tube Plant26/03/2019Erdemir Relies on Danieli Technology for New Slab Inspection and Grinding Plant21/03/2019
2019 - 03 - 25
Raw material costs put upward pressure on prices, in northern Europe, in March, but demand was insufficient to support proposed hikes. Flat products selling values, were, for the most part, unchanged, in euro equivalent terms. Regional mills have spare production capacity and delivery lead times remain short. Supply chain inventories are at a high level. Asian import offers are, in most cases, not sufficiently cheap to be attractive.Danish domestic selling values for hot rolled coil were rolled over, from the previous month. Swedish industrial output is at a lower level than last year. Prices ...
2019 - 03 - 22
Price hikes of €30 per tonne were proposed, in mid-February, for domestic sales of strip mill products. This followed a similar announcement, in late January. The steelmakers cited strengthening raw material costs, and the limited availability and increased price of imported steel. However, European basis values were largely static in Northern Europe, in March. The producers secured small rises in Italy and Spain - reducing the differential between selling values in the north and south of the region.The implementation of the price initiative was constrained by a number of factors. Business con...
2019 - 03 - 18
MEPS (International) Ltd. is a world leader in the supply of steel market and industry analysis. We have a comprehens data-base showing steel production and consumption in Europe, USA, Japan and South Korea for all the main steel product categories. We collect trade statistics from major countries for the important steel products. Details of world crude steel and blast furnace iron production are also available.Our consultants have had many years in executive positions within steel and related industries. They constantly monitor the steel sector. This regular involvement in the steel industry ...
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