September 2014

China’s NPI market keeps falling as mills cut delivery prices

China’s nickel pig iron (NPI) prices continued to fall this week as the country's biggest stainless steel mills cut their October delivery prices, sources said.

Dongbu Special Steel sale could be concluded in November

South Korea’s Hyundai Steel expects the bidding process for the sale of Dongbu Special Steel to be concluded as early as the start of November.

EU grade-304 stainless raw materials index weakens alongside nickel

Steel First’s raw materials index for European grade-304 stainless steel fell by $55.60 per tonne week-on-week on Monday September 29.

Chinese ferro-silicon prices flat as mills roll over prices

Chinese ferro-silicon prices are expected to hold steady in the short term after major mills rolled over their purchase prices for October, market sources said.

Shanghai Futures Exchange may soon start nickel, tin contracts

The Shanghai Futures Exchange (SHFE) may shortly introduce nickel and tin futures, and the bourse has already started training courses with major market participants.

EU stainless market stable despite confusion over price moves

European stainless steel prices held steady this week as two mills attempted to raise long product base prices and October alloy surcharge hikes caused confusion in the market, sources told Steel First.

EU stainless steel alloy surcharges for October jump by $55-78

October alloy surcharges for grades 304 and 316 flat products and 304 bright bar have increased by €43-61 ($55-78) month-on-month on an early-September spike in nickel prices.

Hyundai, SeAH said to have placed bids for Dongbu Special Steel

South Korean steelmakers Hyundai Steel and SeAH Group have reportedly submitted bids for Dongbu Special Steel, the specialty steelmaking unit of the Dongbu Group that was recently put up for sale.