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Jul 23, 20241 min read
Happy Revolution Day to the people of Egypt!
Happy Revolution Day to the people of Egypt! May the spirit of unity and strength continue to guide us towards a brighter future.
Jul 22, 20241 min read
The Ministry of Commerce has initiated a sunset review of anti-dumping measures on stainless steel slabs and hot-rolled plates/coils from the EU, the UK, and other countries.
The Chinese Customs has announced the imposition of anti-dumping duties on stainless steel slabs and stainless steel hot-rolled coils and...
Jul 8, 20241 min read
London metals are on the rise across the board.
Frequent downward revisions in U.S. non-farm employment numbers and a rising unemployment rate have shaken market confidence, increasing...
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Jul 5, 20241 min read
Nickel Market Update: Stability and Fluctuations Amidst Evolving Global and Domestic Factors
London metals showed mixed performance with nickel ore and nickel iron prices remaining stable domestically and internationally. The...
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Jul 4, 20241 min read
London Metals Rise Across the Board
London metals rose across the board, with domestic and international nickel ore prices remaining stable, and nickel-iron prices holding...
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Jul 2, 20241 min read
Turkey Initiates Anti-Dumping Investigation on Chinese and Indonesian Stainless Steel
On 1 July 2024, Turkey announced the commencement of an anti-dumping investigation against cold-rolled stainless steel imports from China...
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Jun 12, 20241 min read
Indonesia Considers Terminating Some Nickel Pig Iron Production Licenses
According to reports from various international media outlets on June 11, Indonesian mining officials stated on Tuesday that the...
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Jun 7, 20241 min read
Global Shipping Crisis: Escalating Red Sea Tensions Lead to Historic Port Congestion and Soaring Freight Rates
- Global Shipping Congestion: Escalating Red Sea crisis and rising demand have intensified global shipping congestion, leading to...
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Jun 3, 20241 min read
Global Economic Impact: OPEC's Production Cut and Rising Commodity Prices
OPEC has officially announced their policy to cut production output until the end of 2025. This decision has caused global petroleum...
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May 29, 20241 min read
Positive Economic Outlook Drives Stainless Steel Market Growth Amid Rising Seaway Costs
Due to the favorable economic outlook, the future market is anticipated to develop positively. The price of stainless steel continues to...
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May 23, 20241 min read
Goldman Sachs CEO: No Fed Rate Cuts Expected in 2024
David Solomon, CEO of Goldman Sachs, stated that due to strong economic resilience driven by U.S. government spending, the Federal...
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May 21, 20241 min read
Broad Gains in London Metals: Nickel Prices Expected to Trend Strongly in the Short Term
London metals have seen a broad increase, with domestic and international nickel ore prices remaining stable, as well as nickel pig iron...
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May 16, 20241 min read
Today's Market News - 24/05/16
1. Nickel Price Increase: The approval of the license issue from Indonesia's RKAB has led to a rise in nickel prices in both domestic and...
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May 7, 20241 min read
Stainless Steel Morning Report (May 7, 2024)
Yesterday, the London metal market was closed, with both domestic and international nickel ore prices remaining stable, as did the prices...
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May 6, 20241 min read
New Trade Investigation: Saudi Arabia Targets Stainless Steel Imports
According to a report by the Saudi Gazette on May 3, 2024, the Saudi General Authority for Foreign Trade (GAFT) has initiated an...
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May 6, 20241 min read
5/6 Market Update: Post-Labor Day Observations and Trends
As we concluded the Labor Day holiday and resumed business on May 6th, I would like to provide you with a brief overview of the market...
May 3, 20241 min read
What exactly is 303 stainless steel? How does it compare to 304?
303 stainless steel is the most suitable for machining among austenitic stainless steels. It is primarily used in production processes...
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May 2, 20241 min read
Decoding International / Fed Decision Brings Surprises, Not Shocks
The Federal Reserve's May 1st decision to keep interest rates unchanged met expectations, with a hawkish stance on interest rate policy...
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May 2, 20241 min read
The Federal Reserve Holds Rates Steady, Will the Dollar Strengthen Further? What's the Impact on the S&P 500 Index?
The Federal Reserve's decision to keep interest rates steady could allow the U.S. dollar to continue strengthening, potentially impacting...
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Apr 30, 20242 min read
Acerinox: EU Should Follow US in Imposing More Tariffs on Asian Stainless Steel
According to a GMK report on April 29, 2024, the CEO of Acerinox stated that the EU should follow the US in imposing more tariffs and...
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