January 2014

European stainless steel bright bar base price range narrows

European domestic base prices for grade-304 stainless steel bright bar have risen on the lower end of the range after mills tried to increase prices, market sources told Steel First on Friday January 31.

EU stainless steel 304, 316 sheet prices fall $27-41 per tonne

The price of European grade 304 and 316 cold-rolled (CR) stainless sheet in the local market fell €20-30 ($27-41) per tonne this week, as the need for orders began to outweigh the desire for higher prices.

Hitachi Metals to acquire MMC subsidiary in speciality steel expansion ploy

Japan’s Hitachi Metals is to acquire a 51% stake in MMC Superalloy, a wholly owned subsidiary of Mitsubishi Materials (MMC), as it seeks to expand its speciality steel operations.

Indonesia export ban lifts European stainless steel alloy surcharges for February

European stainless steel alloy surcharge levels for February have increased by €32-60 ($44-82) per tonne on higher nickel prices.

Yusco raises stainless steel prices for February

Taiwan’s largest stainless steel mill Yieh United Steel Corp (Yusco) will increase the majority of its domestic and export prices for February, on costlier raw materials and restocking demand.

Ferro-chrome market facing oversupply in 2014, Roskill says

Global ferro-chrome supply could exceed demand by 700,000 tonnes in 2014 as planned production capacity expansions come online, according to a report by Roskill Information Services.

Jinchuan cuts nickel price again

China’s biggest nickel producer Jinchuan has slashed its prices thrice since Friday January 24, tracking the fall in the metal’s price on the London Metal Exchange.