Two of the stainless steel giants in the Far East market Yusco of Taiwan and Posco of South Korea announce increased stainless steel prices due to rising costs and demand more details below:- “YUSCO announced to adjust up the stainless steel prices again, and international nickel price has climbed to US$20,000 per ton, up US$3,000 per [...]

All India Stainless Steel Industries Association (AISSIA) today urged the government to immediately stop the imposition of anti-dumping duty on imports of stainless steel coils, as it is adversely affecting the domestic stainless steel utensils and cutlery manufacturing units in the country. Association President Badri Baldawa said the imposition of anti-dumpng duty on the import of [...]

German based steel maker ThyssenKrupp announced a big change in fortune’s compared to last year when it announced big losses for Q3 earnings before taxes showed a loss of €987 million compared to the previous year of €2297 million. The company blamed the global recession for a slump in demand and hefty price falls. Highlights as [...]

Prices for stainless steel scrap are on the increase. In Japan prices have risen by over 5000 YEN , a  similar picture is being reported in central Europe where prices are around 1200 Euro (1680 USD). A combination of recent increases in the  Nickel price(over $20000 per tonne on the LME) along with increased demand [...]

On August 5, 2009, stainless steel manufacturer ThyssenKrupp Nirosta can look back on 50 years of production at its Dillenburg site. The plant – then owned by Siegen-based “Stahlwerke Südwestfalen AG” – started operations in 1959. Gerhard Beermann was mayor of Dillenburg at the time and gave his support to the construction of the plant [...]