Stainless steel prices look to be increasing further due to the increasing Nickel price. Prices for Nickel on the LME rose again today adding 37 cents arriving at US$8.43/pound by midday. According to this comment from the UK Daily Telegraph prices could still increase further “As the global economy goes toward growth as opposed to a [...]

UK based consulting major MEPS sees a recovery in the stainless steel sector is under way. World steel production in the second half of this year will be significantly higher than in the first six months. It said that “The Asian market has started to pick up. De-stocking is coming to an end in most [...]

Finnish stainless steel manufacturer and market leader in the UK has announced increases for delivery of new material for September. The increases of 5% for Austenitic grades (304 / 321) and 10% for Molybdenum grades (316) announced in the UK where widely anticipated. Although unlike the recent price increases by Yusco which are to reflect [...]

Spanish stainless steel maker Acerinox missed forecasts with a 255 million euro loss in the first half but said it expected positive results in the third quarter and a pickup in demand in the fourth. “We consider that the worst has passed,” the company said in a statement. Acerinox shares fell on the results and were [...]

Prices in Nickel went through the key $17,000 per tonne price level in early trading on the LME, this follows news that the Vale Inco strike at Sudbury shows no sighn of ending soonsee below from there local paper. It could be “at least a couple of months” before there is any movement in the strike [...]