European stainless steel producers have raised their prices for 300 and 400 series hot and cold rolled coil multiple times throughout December and January. Buyers complain of offers being made by suppliers and withdrawn soon afterwards.
More than 60 government and industry representatives met in Lisbon on 23-24 April for the International Nickel Study Group Meeting. During the meeting, INSG reviewed the forecast for nickel production and use for 2017 and 2018. This article gives a brief overview of recent developments based on this data.
Nickel prices are currently hovering around US $30,000 per tonne, according to MEPS.
The International Stainless Steel Forum (ISSF) has announced that stainless crude steel production for the first nine months of 2005 was 18.4 million metric tons (mmt).
Global stainless crude steel output in 2005 is expected to reach 25.3 million tonnes - up from 24.4 million tonnes a year earlier, according to MEPS (International) Ltd.
World stainless steel production reached 24.6 million metric tonnes (mmt) for the full year 2004, according to the International Stainless Steel Forum (ISSF).
China is set to be a substantial force in the international stainless steel market, according to a recent report.
Nigel Ward, the new Director of the British Stainless Steel Association, has outlined some new initiatives for the Association to address the lack of growth in the UK for the demand of stainless steel.
In its latest special report, "A Profile of the UK Stainless Steel Market", the British Stainless Steel Association (BSSA) confirms that since the early 1980s, globally, stainless steel has enjoyed an average annual growth rate of 6%, significantly faster than the majority of other metals.
The Titanium Statistical Review covering periods 1999-2003 is now available in an Adobe Acrobat format by the International Titanium Association