November 2014

Low carbon ferro-chrome prices rebound as aggressive offers fade

Low carbon ferro-chrome prices bounced back in Europe on Friday November 28 as the cheap offers of the previous week dried up.

EU stainless flat base prices soften to attract January orders

European base prices for grade-304 and grade-316 cold rolled (CR) sheet fell by €20-30 ($25-37) per tonne on the higher end of the range, sources told Steel First on Thursday November 27.

EU stainless steel alloy surcharges for December drop by $65-132

December alloy surcharges for stainless steel grades 304 and 316 flat products and grade 304 bright bar have fallen by €52-106 ($65-132) month-on-month on lower prices for nickel and ferro-molybdenum.

East Asian stainless steel prices sag amid gloomy outlook

East Asia’s stainless steel prices are showing signs of weakness this week due to market participants’ bearish outlook for the year-end.

Turkey no longer exempt from Thailand import duty on alloy flat steel

The Turkish Ministry of Economy announced this week that the country is no longer exempt from the safeguarding duty on alloy flat steel imports into Thailand.

China’s stainless prices rise on soaring nickel; sales remain sluggish

China's spot stainless steel prices rose this week on a strong nickel performance, although traders are struggling to push through further rises amid weak demand.

ArcelorMittal to invest $19m in capacity extension at Bourg-en-Bresse

ArcelorMittal will invest €15 million ($18.7 million) in capacity extension at its Bourg-en-Bresse plant in France, the company said on Wednesday November 26.

Delhi stainless assn calls on India's prime minister to protect industry

Delhi Stainless Steel Trade Assn has called on India’s prime minister, Narendra Modi, to impose urgent duty measures on imports to support the domestic stainless steel industry.