Tag: MEPS
Short term SS price spurts forecasted
Meps has forecast that in the short term stainless steel prices will move even higher due mainly to an unprecedented hike in the price of nickel on the LME during October.
SS prices at record highs
According to Meps, stainless steel prices have reached record levels, and look set to advance still further in the next few months.
EU average SS price forecast
According to Meps, price increases announced by EU mills during the previous month were successfully implemented.
Possible SS oversupply
According to Meps, ThyssenKrupp’s (TK) recently announced project to build a new stainless steel plant in the US has caused quite some stirrings.
SS price hike in September
According to UK-based Meps the substantial rises in nickel costs in July have not been incorporated into selling values in any part of the world and are likely to have an impact in North America and the EU in September-October.
SS users look for substitute
According to Meps, nickel prices have retreated somewhat from the record high they reached earlier this month.
SS prices at record levels
According to Meps prices for stainless cold rolled coils have moved strongly upwards this year and the transaction prices have increased in all the major markets.
Nickel price brings SS headaches
According to Meps, nickel's price surge has continued, creating fresh headaches for participants in the stainless steel market. In London Metal Exchange trading in the last week of April, nickel prices reached a peak of USD 20,000 per tonne.
New SS record output in 2006
The world production of crude stainless steel fell last year, but should stage a recovery in 2006, according to Meps forecasts.
EU SS companies profits drop
According to Meps, the financial results reported by the main EU stainless steel companies for the latter part of 2005 were dreadful.
