Outokumpu showcased its offerings in building surface finishes in simultaneous events in Germany and China. The company sought to demonstrate why stainless steel is used increasingly in demanding building and infrastructure projects.
At both events, Outokumpu exhibited three of its latest products; 2R2 a highly reflective, smooth finish in high volume production; GritLine a bright surface with improved properties through rolling; and Laser a new surface finish with random pattern that depicts a homogeneous surface, ideal for large façade elements.
On Wednesday, September 17, the nickel spot price fell by 1.9 percent on the LME, landing at $17,895 per metric ton and making it the day’s biggest mover. The 3-month price of nickel saw a 1.8 percent decline on the LME to $18,000 per metric ton. The cash price of primary Indian nickel fell 0.2 percent to INR 1,121 ($18.41) per kilogram.
Chinese stainless steel prices were flat for the day. For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat at CNY 8,300 ($1,352) per metric ton. The price of Chinese ferro-moly continues hovering around CNY 145,000 ($23,612) per metric ton for the fifth day in a row.
For the fifth consecutive day, the Allegheny Ludlum 316 stainless surcharge held flat at $1.26 per pound. The price of Chinese 316 stainless coil saw essentially no change for the fifth day in a row, remaining around CNY 26,000 ($4,234) per metric ton. The price of Chinese 304 stainless coil saw little movement at CNY 16,400 ($2,671) per metric ton. The price of Chinese 316 stainless steel scrap held steady at CNY 16,100 ($2,622) per metric ton. The price of Chinese 304 stainless steel scrap was unchanged at CNY 16,400 ($2,671) per metric ton.