Outokumpu the Finish based stainless steel supplier have confirmed surcharges for delivery of stainless steel in December 2009. Industry experts expected surcharges to fall and  316 stainless steel seems to be the biggest loser with a reduction of over 80 Euros for December deliveries. The recent commodity falls from both nickel  and Molybdenum prices have [...]

Stainless steel prices have soften slightly after initial increases in price , mainly due to any lack of real demand in Europe. This may result in further production cut backs in a bid to firm up prices. The latest forecast comes from MEPS :- “Transaction values for all products are expected to continue on their downward [...]

Finnish stainless steel manufacturer Outokumpu so its third quarter sales slump 54% compared to last year. Demand for stainless steel has fallen significantly during the economic down turn, but even these figures where worse than analysts forecast. Executives for the company still forecast break even by the end of the year due to rises in [...]

Outokumpu the Finish based stainless steel supplier have confirmed surcharges for delivery of stainless steel in September 2009. Industry experts expected surcharges to increase but even they admit they where surprised by how much especially for 316 stainless steel. The recent commodity gains from both nickel  and Molybdenum prices have driven levels for September delivers [...]

Chinese stainless steel mills cut prices by up to 800 yuan ($117) per tonne after raw material prices retreated and some market participants predict a stiff correction. Shanxi Taigang Stainless Steel, China’s leading producer, cut its list price for Grade 304 2B 2mm cold rolled coil and hot rolled coil by 800 yuan to 24,620 [...]