This morning in metals news: investor service Moody’s upgraded its global steel sector outlook from negative to stable; the E.U. slapped duties on stainless steel from China, Indonesia and Taiwan; and the American Iron and Steel Institute reported September import market share in the U.S. reached 16%. Are you under pressure to generate steel cost […]
Tag: Stainless Steel
MetalMiner models shed light on the challenge of determining what products ‘should cost’
How much should your metals buy cost? It’s a simple question that doesn’t always have a simple answer — or, at the very least, an answer that’s easy to get. MetalMiner’s “should-cost” models aim to cut through the confusion and give buyers concrete ideas of what the products they’re buying should be costing them. The […]
Stainless MMI: Stainless steel surcharges rise for fourth straight month
The Stainless Monthly Metals Index (MMI) increased by 11.3% for this month’s index value, as stainless steel surcharges rose for a fourth consecutive month. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you. Stainless steel surcharges continue to increase Stainless alloy surcharges are rising for […]
China’s relentless march to global stainless steel dominance
The headline sounds somewhat melodramatic. But the numbers laid out in the World Bureau of Metal Statistics’s annual stainless steel report suggest the reality is not far from it. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you. Domination of the stainless sector Asia in […]
Stainless MMI: Surcharges rise for third straight month
The Stainless Monthly Metals Index (MMI) increased by 4.4% for this month’s MMI value. Surcharges increase for a third month While stainless demand continues to remain in line with U.S. flat-rolled producer supply, alloy surcharges are rising for the third month in a row. Why? The surcharge increases are again due to an increase in […]
This Morning in Metals: E.U. extends anti-dumping duties on Chinese stainless
This morning in metals news: the European Commission on Wednesday extend anti-dumping duties on stainless steel from China; miner Glencore released its half-year report; and Brazil is trying to meet China’s surging iron ore demand. For more news and notes from the world of metals, make sure to subscribe to the free MetalMiner e-newsletter, Gunpowder.
Stainless steel demand holds back the nickel price
The nickel price has not recovered as quickly as other base metals have.
Stainless MMI: LME nickel prices contradict market fundamentals
The Stainless Monthly Metals Index (MMI) increased by 3% this month after holding flat for two consecutive months.
Stainless MMI: LME nickel prices grow for second consecutive month
The Stainless Monthly Metals Index (MMI) held flat this month.
Europe’s steel industry faces an unprecedented threat
President Donald Trump had scant regard, nor interest, in the impact his decision in 2018 to impose 25% import duties on steel products would have on other markets around the world — his focus was, reasonably enough, purely on the U.S.