Russian consumption of stainless steel long products was 26,730 tons in the first half year, rising by 69.1 percent than the same time of last year. Besides, the output rose by 68.2 percent, export dropped by 0.5 percent, and import rose by 59.9 percent. Though Russian consumption of stainless steel long products rose compared to […] ↓ Read the rest of this entry…
In this July, Russia imported 120,000 ton of coated steel products, reaching the highest level on the record. The main reason for huge import owed to the price policy taken by the Russian domestic coated steel producers. Because the new capacity is postponed to come into production, the Russian domestic coated steel accounted for 40 […] ↓ Read the rest of this entry…
LME nickel price hit the highest level of US$22,800/ton in July but the stainless steel market didn’t follow the same direction with price advantages. However, stainless steel mills include Yieh United Steel Corp. (Yusco) and Tang Eng will announce new price for September this week and it is expected that the price will adjust up […] ↓ Read the rest of this entry…
Posco announced on Friday that it will increase its stainless steel prices by 5.9 percent for September to reflect rising material costs. The company’s price for hot rolled stainless steel product would raise by 200,000 won/ton or 5.9 percent to 3.55 million won, and cold roll products would increase by 5.5 percent to 3.82 million […] ↓ Read the rest of this entry…
According to a recent article by Platts – US primary aluminum weakens further on backwardation, supply
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