While demand for stainless scrap remains very weak in the United States, scrap prices for the 300-series grades jumped this week on continued tight supply and a spike in London Metal Exchange nickel prices, with the nickel cash contract at its highest since May
UG2/MG chrome ore prices experienced major declines in the week to Tuesday July 12, dropping by $15 per tonne week on week, as the market saw the beginnings of a break in the continuing stalemate of recent weeks
Fastmarkets has corrected its dealer buying prices for stainless scrap 304 solids, clips and stainless scrap 304 new clips in Pittsburgh, which were published incorrectly on Tuesday June 7 due to a reporting error.
Ford is making a $3.7-billion investment in its business, which will be spread out across its plants in Michigan, Ohio and Missouri, and will expand both electric vehicle (EV) and internal combustion engine vehicle (ICE) production
Ukrainian steelmakers, particularly Metinvest and Interpipe, have welcomed the decision by the United States to suspend Section 232 tariffs of 25% against imports of steel from the country for one year
Stainless steel raw material surcharges for flat-rolled products in the United States will rise sharply for all flat stainless grades in April on surging nickel and iron costs, while the pattern of pricing shifts among the four producers is poised to diverge more widely, according to surcharge notices published by producers
North American Stainless (NAS) will define the nickel portion of the April 2022 surcharge for its stainless products using only London Metal Exchange official closing prices from February 21-March 18, the company said on Friday, March 18, noting that days that included disruption events will be omitted.
Stainless steel scrap 304 solids, clips, broker buying price, delivered to processor Detroit, US cents/lb
Stainless steel scrap 18/8 turnings import, cif main European port, €/tonne
Stainless steel scrap 430 bundles, solids, broker buying price, delivered to processor Detroit, $/gross ton
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