by espsteel | Oct 22, 2014 | Uncategorized
Stainless scrap prices continued to weaken due to poor demand and a plummeting LME nickel price. Demand is impacted by Outokumpu and North American Stainless having production issues which has impacted their output. Nickel pricing is at its lowest level since early...
by espsteel | Aug 29, 2014 | Uncategorized
In the July edition of Metal Center News, there was an article entitled: “Spotless outlook for Stainless Steel”. In the article, it predicted that overall growth in the stainless market would be 3 to 4 %, with the second half of the year be stronger....
by espsteel | Aug 27, 2014 | Uncategorized
Stainless steel scrap prices fell for the 4th week in a row despite nickel going sideways in trading. Continually weakening supply demand dynamics are to blame with reduced demand from the mills to blame.
by espsteel | Jun 23, 2014 | Uncategorized
Don’t take this to the bank yet, but it looks like 303 and 304 down a penny and 316 up a couple in July compared to June. Outokumpu has published the stainless bar alloy surcharge, waiting for other mills. Even more importantly . . . Nickel Average for Calc...
by espsteel | May 21, 2014 | Uncategorized
Just yesterday, American Metal Market reported that stainless steel shipments were up in US in the month of April. April tons were up 4% over March and almost 8% over April 2013 tonnage. US inventories were up slightly in April versus March 2014, but up 12.3% higher...
by espsteel | May 21, 2014 | Uncategorized
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