JSL Ltd, the OP Jindal Group company that is the country’s largest integrated stainless steel producer, has stopped offering discounts to dealers, pushing prices up by 6% across product categories. DNA Money spoke to some of the company’s dealers and found prices have jumped at least 6% in categories that JSL operates in. In categories that [...]

China’s largest steelmaker, said stainless steel sales improved every month this year on the preceding period because of rising demand from the petrochemical and power industries. Pudong International Trading Co., a major trading arm, sold 104,000 metric tons of HR products in H1, Baosteel said in a statement on the State-owned Assets Supervision and Administration Commission’s [...]

UK stainless tube distributor Perchcourt based in the West Midlands have gone into administration. The Administrators PKF where appointed on the 22nd of June 2009. Perchcourt have been in business for over 20 years , they specialised in the supply of stainless steel tubes and sections throughout the UK. It is not clear if  high [...]

Finnish stainless steel maker Outokumpu said on Thursday it would increase its production capacity on the back of stronger order intake, but cautioned underlying demand for stainless steel remained weak. “In the past weeks Outokumpu’s order intake for stainless steel has increased somewhat from the earlier very low levels,” the firm said in a [...]

China’s stainless steel capacity is expected to exceed 20 million tonnes per annum by end 2010, up from 15 million tonnes per annum currently. Beijing Antaike Development said that “More than 10 million tonnes per annum of stainless steel facilities under construction are expected to be completed late next year.” It added that the new plants [...]