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Industry News Archives - Page 2 of 4

Stainless Surcharges Down in June

Stainless steel surcharges are mostly heading lower for June, with Types 304 and 316 extras dipping amid lower nickel, manganese, copper and molybdenum tags. Meanwhile, Type 430 surcharges will remain flat amid stable chrome and iron prices. (AMM May 23, 2017)

Stainless consumption healthy in ’17: Moll

American Metal Market  March 28, 2017 U.S. stainless steel consumption is expected to be healthy in 2017 thanks to strong demand growth in key sectors that will offset the prolonged weakness from the oil and gas and power generation industries, analyst Markus A. Moll...

European chrome tags up

The European benchmark price for charge chrome and high-carbon ferrochrome has dropped 11 cents to $1.54 per pound for the second quarter. Sources had predicted a second-quarter price of $1.48 per pound. However, on March 10 ferrochrome prices edged slightly higher as...

Starting off 2017 with a bang

From American Metal Market U.S. steel distributors kicked off 2017 with a bang thanks to explosive demand in January that drove significantly higher shipment levels. “This was the strongest January we’ve ever had, and I’ve been in business for 40 years,” said Jerry F....

Expected December surcharges

With nickel values on the LME rising in November from about $4.70 / lb. to over $5.30 / lb., the expectation is that the surcharge for December will rise for a second consecutive month. Effective prices will increase by about $0.03 / lb. and $0.05 / lb. for grades 304...