December 2014

East Asian stainless steel prices remain under pressure from weak nickel, demand

The East Asian stainless market remained largely in a downward trend this week, on slack demand and weak nickel prices, with only sellers from Taiwan reporting higher prices.

China’s stainless steel prices down, tracking weak nickel

China's spot stainless steel market continued to lose ground this week, following the slump in nickel prices.

Conflict and Russia tariffs hurt Ukraine's ferro-alloys sector

Ukraine has been losing export earnings as its ferro-alloys industry suffers from strife in its eastern region and Russian trade restrictions on ferro-alloys, European Commission officials have claimed.

Baosteel Stainless holds list prices steady for January

East China stainless steel major Baosteel Stainless is rolling over its domestic list prices for its 300-series products for January.

Goldman Sachs sells Metro to Reuben Brothers

Goldman Sachs has completed the sale of its London Metal Exchange warehouse unit Metro International Trade Services to a subsidiary of the Reuben Brothers, formerly one of the world’s largest aluminium producers through Trans-World Metals.

EU grade-304 stainless raw materials index falls sharply on back of nickel drop

Steel First’s weekly raw materials index for European grade-304 stainless steel nosedived by $60.34 per tonne on Monday December 22.

2014 REVIEW: The changing face of the Italian steel industry

The Italian steel industry has gone through a year of great turmoil, with some major companies finally solving their long-lasting problems, and another one possibly about to do so.

SiMn prices rise as effects of Brazil's power crisis spread

Silico-manganese prices rose in Europe on Friday December 19 as market sources said they were starting to see the effects of Brazil’s energy crisis, which has already hit other ferro-alloys markets.

FeCr benchmark reduction haunts suppliers as tender decision looms

The 6% reduction in the ferro-chrome benchmark price has left several charge chrome suppliers hoping their benchmark-linked offers in a recent tender will be rejected, market sources told Metal Bulletin.

China’s stainless flats exports edged up 2.8% in November

China’s stainless flat steel export volumes edged up by 2.8% month-on-month in November.