In the first quarter of 2024, Nornickel reported a notable 10% decrease in nickel production compared to the same quarter in the previous year, producing 42,101 tonnes down from 46,667 tonnes. Read more
2024-04-23Market News, Price News, Raw Material NewsIndia
Stainless steel scrap prices moved up in India, following the trend in the nickel market. Due to limited local supply, import trading will likely stay active in the coming two months. Read more
South Korea raised stainless steel exports last month as foreign demand for hot-rolled coil and sheets was improved. Longs and pipes supply also slightly increased. Read more
Merafe Resources, in partnership with Glencore, has experienced significant declines in ferro-chrome production throughout the past year and into the early months of 2024. Read more
China sharply increased its export volume of stainless steel products in March on competitive prices and delayed shipments from previous months. Due to oversupply, imports lost 30% from February. Read more
Stainless steel prices continued to increase in the second half of April, supported by nickel quotes surge and climbing offers in China’s local market. Read more
Chinese stainless steel stocks started lowering in mid-April on somewhat better market sentiment in the country. However, the price rise is not expected to last long, which may cool buying down. Read more
In the first quarter of 2024, Vale reported a total nickel production of 39.5 kilotonnes (kt), which marks a decrease of 4% year-over-year (y/y). Read more
For the nine months ending March 31, 2024, BHP reported a total nickel production of 59 kilotonnes (kt), marking a modest increase of 1% year-over-year. Read more
The major Chinese stainless steel maker, Yongjin, raised output and sales last year, but its net profit dropped slightly. The company has a very ambitious plan for 2024. Read more
U.S. President Joe Biden seeks to enhance the protection of the national steel, aluminum, and shipbuilding industries from Chinese unfair trade practices. Read more
By choosing equipment suppliers, NetZero Metals, a wholly-owned subsidiary of Canada Nickel, has taken another step toward projecting stainless steel and nickel plants in Timmins, Canada. Read more
Tubos Reunidos will be the world's leading producer in the manufacture of seamless pipes with 0.0 kg of CO2e emissions per kg of pipe or tube produced, within its direct operations and energy used. Read more
Multi-functionality, which is the ability of many workers to be able to work on different machines within production, is a trump card for CPC Inox. Read more
Rina has been awarded a contract for the design approval and construction supervision of the fourth and fifth Excel-class cruise ships for Carnival Cruise Line. Read more
The Argentinian Ministry of Economy has opened a fourth expiry review on certain stainless steel thermoses and containers from China. Read more
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