German Passenger car production and new registrations again down year on year. For the entire year, a production minus of over 20% has to be expected. Read more
Jiangsu Yongjin decided in November 2020 to invest in a 95,000 tpy high performance STS flat product technology project in the existing factory. Read more
The 2nd COVID-19 wave will have an effect on the global stainless steel market in 2021 – but COVID will be less damaging than in the first wave. Read more
SMR has researched the effect of COVID-19 on different stainless steel end use segments and regions. Europe was hit hard but not as strong as expected earlier this year. Read more
German company ThyssenKrupp AG - owner of stainless steel producer AST / Italy and distributor ThyssenKrupp Materials - has announced to additionally cut 5,000 jobs. Read more
Deliveries of the two leading global aircraft manufacturers indicate an extremely weak aircraft/aerospace Market in 2020. 2021: Fast Recovery remains unlikely. Read more
Jacquet Metals Group sales amounted EUR 1.04 bill in the first nine months of 2020 (-18% year on year). EBITDA January-September 2020: EUR 32 mill compared to EUR 63 mill a year ago. Read more
After hitting the 2020 high of 16,100 USD/t in mid-October Nickel prices at the LME dropped to 15,100 USD/t just to see a V-shaped recovery in mid-November. Read more
Prices for 18-8 stainless steel scrap solids in Europe are edging higher, reaching around 1,260 USD/t in mid-November, up by 7% or 80 USD/t from a month earlier. Read more
According to association VDMA, order intake in the German mechanical engineering and process industry declined 10% in September 2020. Read more
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