worldstainless association has released figures for the full year of 2023 showing that stainless steel melt shop production increased by 4.6% year–on–year to 58.4 million metric tons. Read more
DeWys Stainless Solutions, which focuses on aluminum and stainless steel products, has outgrown its current operations at the DMS main site location, so it is moving into a standalone facility. Read more
Pia Aaltonen-Forsell, CFO and a member of the Leadership Team, has decided to leave Outokumpu in order to pursue a career opportunity outside the company. Read more
The U.S. is considering a partial repeal of the antidumping duty (AD) and countervailing duty (CVD) on stainless steel flanges from China and India. Read more
The European Central Bank has held interest rates at record highs during its recent meeting but has hinted at the possibility of future rate cuts as eurozone inflation continues to decline. Read more
Imports of US stainless steel flat products in the first quarter of 2024 stayed relatively stable compared to the preceding quarter, yet there's still possibility for the upward trajectory to continue Read more
March 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
Russian association “Spetsstal” has claimed the country significantly raised stainless steel finished products output during the first two months of 2024 on lifting consumption. Read more
After a sharp slump in February, Taiwan’s shipments of stainless steel hot-rolled and cold-rolled sheets abroad sharply increased. The recovering US and EU markets supported the trend. Read more
Stainless steel flat inventories at Chinese distributors rose again after the short National holidays on April 4-7. However, traders reported some signs of better end-user buying recently. Read more
Indian company Shyam Metalics and Energy has unveiled ambitious plans to expand its stainless steel business with a new hot-rolled coils mill. New longs facilities are also in plans. Read more
In March, German domestic passenger car production reached a volume of 372,800 units. That was 15% less than in the same month last year, according to VDA. Read more
Jindal Stainless announced its foray into the B2C space with the launch of premium cookware range under the umbrella brand of Arttd'inox (a Jindal Lifestyle initiative). Read more
Alliance for Automotive Innovation sent a letter to the White House raising concerns related to the ownership of U.S. Steel. Read more
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