Stainless steel prices fell sharply in China in March, but April started with a rebound. The uptrend is expected to be short-lived (one-two weeks). However, some support may come from foreign markets. Read more
The newly appointed president of Nippon Steel Corporation, Masashi Imai, has announced his views on the company's strategic goals. He emphasizes the importance of the acquisition of U.S. Steel. Read more
2024-04-04Producer News, End User News, Distributor NewsEurope
Stalatube has contributed to the building of Icon of the Seas, the largest cruise ship in the world. Stainless steel was chosen to enable the ship to withstand the most severe weather conditions. Read more
SMR Raw Materials Report, March 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
The "Economic and Market Report - Full year 2023", published by the European Automobile Manufacturers' Association (ACEA), provides a detailed analysis of the global and EU automotive industries. Read more
Indonesian stainless steel exports dropped in February over the month but hiked year over year due to the low comparison base in shipments of longs, while flats supplies also increased. Read more
Universal Stainless has completed the project of adding two additional vacuum arc remelting (VAR) furnaces at the North Jackson facility in Ohio. Read more
The major Korean stainless steel wire producer SeAH Changwon Special Steel (SeAH CSS) sharply increased local prices for April, citing the overall uptrend in Asia and the rise in ram material quotes. Read more
Despite the increased prices of raw materials and reduced supply of stainless steel in Korea, POSCO has decided to maintain stable prices for finished steel products in April. Read more
Record sales of premium alloys and robust growth of the aerospace sector continue to drive Universal Stainless's financial performance to new heights. Read more
The U.S. Department of Energy (DOE) has selected six projects in the iron and steel industry for awards negotiations to accelerate decarbonization in the sector. Read more
As the political strike in Finland was extended for the second time, bringing it to four weeks, the economic impact on the country's steel companies continues mounting. Read more
The French government's proposed bailout deal, set to address the crisis engulfing in New Caledonia's nickel sector, has encountered a postponement. Read more
Boliden, a Sweden-based metals company, is bracing for a significant impact on its Q1/24 profit, estimated at around 500 mill. SEK (43.5 mill. EUR), due to prolonged industrial strikes in Finland. Read more
The leading Taiwanese stainless steel maker, Walsin Lihwa, announced another price rise for 300 series products due to continuous increases in production costs but still weak demand. Read more
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