During the last month of 2024, Chinese stainless steel mills proactively reduced prices to secure orders, exchanging margins for volume. Traders also lowered prices to clear inventory. Read more
India's stainless steel sector is set on a path of solid expansion. ISSDA has laid out ambitious plans to surge capacity, but the targets were announced at a lower level than one and half years ago. Read more
South Korea will likely introduce a provisional anti-dumping duty on stainless steel plates originating in China. The rate will be much higher than what the Korean applicant initially required. Read more
Stainless steel stocks did not continue rising after last week's splash in China. However, fewer distributors’ confidence was a more important reason than end-use buying before the holidays. Read more
Aperam has kept its Q4 guidance unchanged, projecting improvements in Europe compared to a seasonally slow Q3. The situation will be reversed in Brazil, as Q3 was a peak activity quarter there. Read more
Canada Nickel announced public financing to support the development of its nickel processing facility through its wholly owned subsidiary, NetZero Metals. Read more
On January 14, Alleima reported that it had completed the previously announced acquisition of Endox, a Germany-based manufacturer of medical components for endoscopic applications. Read more
In the first days of 2025, YC Inox TR Celik, the Turkish subsidiary of Taiwanese steelmaker YC Inox, officially commenced production at its new stainless steel pipe plant in Dilovasi, Kocaeli. Read more
SMR Raw Materials Report, December 2024 is now available for all club members. It has the latest price trends and price analysis for stainless steel scrap, NPI, nickel, ferrochrome and molybdenum. Read more
First days of Q1: full exhaustion for Taiwan in “STS Cold Rolled Coils, China in “STS Quarto Plates” and India in “STS Bars and Light Sections” Read more
Chinese automakers achieved a new milestone in 2024 despite numerous challenges throughout the year. The outlook for 2025 suggests continued growth in car production and sales. Read more
2025-01-14Market News, Price News, Raw Material NewsIndia
Indian import stainless scrap prices continued to drop in 2025 due to weak demand for finished products and sufficient steel stocks. Even recent LME nickel quote upticks failed to reverse the trend. Read more
December 2024 prices from SMR's monthly price census are available in the Stainless Club for both flat and long products. The latest prices are presented in a compact table. Read more
Taiwanese industrial giant Walsin Lihwa reported a significant decline in its consolidated net revenue in December and in 2024 overall. Despite a tough year, the company continued expanding. Read more
Japan's key stainless steel manufacturer, Nippon Steel Stainless Steel (NSSC), has announced a return of cold-rolled flat prices to November levels. Read more
Turkish stainless steel consumers continued to raise their purchases abroad in 2024, especially from China and Indonesia, despite the anti-dumping investigation that started mid-year. Read more
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