Stainless Steel prices rising…
Metals prices have been on the up again, driven by strong demand in China: In particular Nickel has risen to levels touched at the start of the year, but not held consistently for 5 years. Stainless Steel demand in China is reported to be strong and stocks have been drawing down. China accounts for 50% of world capacity and consumption. [...]
Stainless Prices continue to firm:
Stainless prices have increased by a further 11% since the turn of the year; up 44% on the lows of 12 months ago. This increase has been mainly raw material supply driven, as investor funds have focused on nickel ore supply from Indonesia and Philippines. Nickel stocks have remained high, while supplies have been in balance with demand. Ferro-chrome prices [...]
UK Stainless Prices up by 30% since February ’16 lows….
Stainless Steel prices have been moving up in the UK in recent months. Since the lows seen in February 2016, the gross price including Alloy Surcharge is up by 30%. This is due to a combination of alloy price increases, mainly Nickel and Chrome; European mill base price increases; and currency depreciation in UK. Nickel prices have been rising, due [...]
New: Special Grades of Stainless Steel from Stainless International Ltd.
Stainless International Ltd have added Special Grades to the Stainless Steel product range offered to customers. Special applications are becoming ever more technically demanding and the new extended product portfolio aims to meet these high technical requirements. The commercial staff at Stainless International have long experience of these special grades and applications and the extension of the range is a [...]
A new vehicle added to the Stainless International fleet….
Stainless International is delighted to announce the addition of a new vehicle to the fleet, provided by Pallet Pro. A new DAF, 26t gross, 6-wheel curtain-sided truck has been purchased for exclusive use by Stainless International Ltd. Carry capacity is 15t, and the vehicle has a Coil well, plus an internal frame system to support tubular products. The new vehicle [...]
China influence on Nickel and Stainless Steel prices….
China accounts for over 50% of World S/S consumption and Nickel consumption. Change in China's economic growth has a huge impact on global supply-demand balance and hence prices. The degree of slowdown in China's economy has caught many analysts by surprise and is compounded by suspicions that true demand is worse than official statistics suggest. The over-supply for many commodities [...]