Latest news

[Update] Alloy Surcharge Forecast: Dec 2022 and Jan 2023
2022-11-28, Price News, Global
Alloy surcharge forecast of Europe stainless steel flat products (grades 304L, 316L, 430) Read more ...
Safeguards Report Q4/2022, week 48
2022-11-28, Producer News, Europe
The level of exhaustion is slowing down in November Read more ...
European distributors see no immediate effect of Indian export tax abolition
2022-11-27, Market News, Europe
European stainless steel distributors do not anticipate many changes for long products market after Indian steel export tax withdrawal. The picture will be clear later for flats. Read more ...
Acerinox restarts melt shop at Palmones
2022-11-25, Producer News, Europe
Acerinox has restarted steel production at the Palmones plant according to the schedule. Read more ...
Acerinox invokes temporary layoffs at Roldan plant
2022-11-23, Producer News, Europe
Acerinox is launching a temporary layoffs scheme for its long-producing plant in Spain till the beginning of the next year. Read more ...
Safeguards Report Q4/2022, week 47
2022-11-21, Market News, Europe
Some countries/regions reached high levels of exhaustion in the first weeks of the quarter – currently only moderate increases in all segments Read more ...
Germany plans to connect to grid seven floating LNG terminals by late 2023
2022-11-18, End User News, Europe
Germany has completed the construction of the infrastructure for the first floating import LNG terminal in a record term. Six other similar projects are expected to be ready over the year. Read more ...
Stainless steel use in LNG
2022-11-18, End User News, Global
Stainless steels, including large volumes of welded pipe, are used in each step of the LNG value chain. Read more ...
U.S. spot prices under pressure, inventories are still high
2022-11-18, Producer News, Market News, Price News, Distributor News, America
Service centers, brokers, and master distributors remain flush with inventory. Many continue to take aggressive measures to move material. Read more ...
Indonesia's idea about OPEC-like nickel cartel hard to materialize
2022-11-18, Raw Material News, Global
Indonesia has invited Canada and Australia to establish an intragovernmental organization of nickel-producing countries and is now expecting feedback. However, scepticism prevails. Read more ...
South Korea’s STS CR sheet production decreased
2022-11-17, Producer News, Asia
South Korea’s stainless steel cold rolled sheet production decreased 3% to 799 kt in first nine months of 2022, compared to the same period of the previous year. Read more ...
USA stainless steel stock levels begin to fall
2022-11-17, Market News, America
USA stainless steel coil and sheet month end stock levels decreased about 5% in September 2022 compared to August 2022, which was the highest level of the year. Read more ...
China’s industry growth increased in September
2022-11-17, End User News, China
China’s average growth in important industry segments increased by 9.6% in September 2022 compared to the same month of the previous year. Read more ...
New method converts sewage to biogas
2022-11-17, End User News, America
WSU research team developed a new method to treat sewage by converting leftover sludge to biogas which can be used to produce electricity or renewable natural gas. Read more ...
Aperam praises trade measures in EU, expects stocks to normalise by year's end
2022-11-17, Producer News, Global
Aperam believes that pronounced destocking of EU distributors will finish during the Q4, and the market will stabilise as imports will be minimal while the actual consumption remains decent. Read more ...
Port of Los Angeles cargo volume remains soft
2022-11-17, End User News, Market News, America
Cargo volume at the Port of Los Angeles dropped in October as the Port handled 678,429 Twenty-Foot Equivalent Units (TEUs), a 25% decrease from October 2021. Read more ...
POSCO puts off stainless steel production restart till next year
2022-11-17, Producer News, Asia
POSCO will not restore the stainless steel production at Pohang this year. The company has reactivated many facilities hit by the typhoon in September, but a complete restart is expected in Q1. Read more ...
LME opts out of banning Russian metals
2022-11-16, Market News, Raw Material News, Global
After analyzing market feedback, LME decided not to prohibit the warranting of new Russian metals as it found no evidence that its inflow could cause a market disorder. Read more ...
ZF produced 2 million Electric Motors
2022-11-16, End User News, Global
ZF supplied automotive manufacturers electric motors for different vehicle types – from hybrid and electric axle drives for electric passenger cars to electric central drives for commercial vehicles. Read more ...
EU economy greenhouse gas emissions increased
2022-11-16, End User News, Europe
In the second quarter of 2022, EU economy greenhouse gas emissions totalled 905 million tonnes of CO2-equivalents (CO2-eq), a 3% increase compared with the same quarter of 2021. Read more ...