Tag: MEPS
Record SS output forecasted
According to MEPS “Global stainless steel production is still expected to reach a record level of 29 million tonnes this year.”
Ferritic stainless price forecast
According to UK-based MEPS the rising cost of ferrochrome is pushing transaction prices for ferritic grades ever upwards and the MEPS North American and Asian average transaction values for type 430 cold rolled coil are at all time highs as of March 2008.
Stainless output revival expected
According to Meps, stainless steel production collapsed during the latter part of 2007, after a solid start earlier in the year.
Forecast on coil and nickel price
As expected by Meps, the EU Average Cold Rolled Coil type 304 transaction price moved down in October by 3%.
Stainless price revival
According to Meps, June 2007 was the peak month for stainless steel selling values.
Stainless producers slash outoput
According to Meps, global stainless steel output is expected to reach 29 million tones this year - an increase of 2.2% on the figure in 2006.
Nickel prices fall on LME
According to Meps, western stainless steel producers of strip mill products have temporarily abandoned their traditional basis plus surcharge mechanism for selling their material.
Nickel content in stainless steel to decline
According to Meps (International) high nickel prices are prompting buyers of austenitic stainless steels to actively seek alternative grades or other materials.
SS prices nearing their peak
According to a Meps forecast, the price boom in the global stainless steel sector is now under serious threat as several factors are coming together to indicate price weakness in the future.
China creates SS tension
According to Meps, Korea-based Posco has inaugurated its new stainless steel melting shop in China last month – an addition which consolidates China’s recently-won position as the world’s largest stainless steel producing country.
