December 2014

Russia’s stainless steel imports to drop 40% in 2015

Russia’s imports of stainless steel products may drop by 40% year-on-year in 2015, the industry association SpetsStal said on Tuesday December 30.

US stainless scrap prices continue to slide

Stainless scrap processor buying prices in the USA slid further this week.

Jindal Stainless board approves restructuring of business

India’s largest stainless steel manufacturer, Jindal Stainless Ltd (JSL), has received board approval to restructure its business, which will result in the listing of its subsidiary, Jindal Stainless (Hisar).

EU stainless steel alloy surcharges for January rise by $82-132

January alloy surcharges for stainless steel grades 304 and 316 flat products and grade 304 bright bar have seen a jump of €67-108 ($82-132) month-on-month, given a stronger nickel.

EU grade-304 stainless raw materials index softens on limited nickel moves

Steel First’s weekly raw materials index for European grade-304 stainless steel fell by $3.18 per tonne on Monday December 29.

Japan’s steel imports down after 12 straight increases

Japan’s imports of iron and steel products have fallen for the first time after 12 consecutive increases on a year-on-year basis, mainly due to lower flat steel shipments from South Korea.

Turkish alloy flat steel imports almost triple in October

Turkey imported 127,708 tonnes of alloy flat steel in October 2014, according to data released by the Turkish Statistical Institute (TUIK).