May 2014

SEAISI CONF: Low-value imports 'will maintain pressure on Taiwan’s industry'

The Taiwanese steel industry is expecting 2014 to be another difficult year as import volumes of low-value steel products are set to increase more quickly than local production.

East Asian stainless prices drop on falling nickel, slow sales

East Asian stainless steel prices dipped this week on weaker nickel prices and a slowdown in buying activity.

EU end users could opt for 400-series stainless on high nickel costs

European end-users of finished stainless steel could push for a switch to 400-series products containing little or no nickel instead of the austenitic 300-series, market sources have told Steel First.

Stainless steel 304, 316 base prices stay flat as alloy surcharge shoots up

Base prices for grade 304 and grade 316 stainless sheet and bar remained unchanged this week as market sources focus on sharp increases in the monthly alloy surcharge for June.

China’s spot stainless prices fall as nickel slips

China’s spot stainless steel market weakened again this week as the nickel price retreated from recent highs and inventories rose.

High nickel makes EU 304, 316 stainless steel alloy surcharge jump $237-416

European alloy surcharges for 304 and 316 stainless steel sheet and bar shot up by €174-305 ($237-416) per tonne month-on-month for June, according to data released by key mills on Wednesday May 28.

Yusco raises June 300-series stainless prices

Taiwan’s largest stainless steel mill Yusco has raised its 300-series prices for both local and overseas markets for June delivery in response to spiraling costs, it said on Wednesday May 28.

Operations begin at Shanxi’s new 300,000-tpy FeCr smelter

A 300,000-tpy high carbon ferro-chrome smelter, which will feed Taigang Stainless Steel, has come onstream in Jinzhong city, Shanxi province, sources in China told Metal Bulletin.

Baosteel Stainless cuts high carbon ferro-chrome price for June

China’s Baosteel Stainless has lowered its purchase price of high carbon ferro-chrome for June delivery, a company source told Metal Bulletin.