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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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Apr 30, 20241 min read
Forging Ahead Together: Honoring International Workers’ Day in the Steel Industry
Ladies and Gentlemen, Today, we gather to celebrate International Workers’ Day, a day that honors the spirit of hard work and dedication...
Apr 26, 20241 min read
The Nickel Effect: How Rising Prices are Shaping the Future of Stainless Steel
The stainless steel market is experiencing a revival due to soaring international nickel prices. Manufacturers in China and Taiwan are...
Apr 24, 20242 min read
Stainless Steel Heat Exchange Tubes: Understanding the Factors Affecting Glossiness
Heat exchange tubes are devices that quickly transfer heat from one point to another with minimal thermal loss, making them known as...
Apr 23, 20242 min read
Surge in Metal Prices Amid Supply Concerns and Strong Market Demand
On April 21, 2024, copper prices achieved their highest level in nearly two years last Friday (April 19), driven by an expansion in...
Apr 16, 20244 min read
What do sanctions on Russian metals such as nickel, aluminum, and copper mean for global trade?
According to ING (Netherlands International Group) on April 15, 2024, following the sanctions imposed by the United States and the United...
Apr 16, 20241 min read
Summary of Current Market Situation
Stainless Steel: In terms of inventory, domestic pure nickel stock has risen to the highest level within the year at 33,400 tons, while...
Apr 15, 20241 min read
Breaking News for April 15th
In the early hours of April 13th, the United States and the United Kingdom announced the imposition of new trade restrictions against...
Apr 8, 20241 min read
Navigating the Surge: Unpacking the Multi-Faceted Rise in Global Oil Prices
The recent surge in oil prices, surpassing $90 per barrel, is attributed to a complex interplay of factors beyond the immediate...
Mar 20, 20242 min read
Weekly News of Stainless Steel Market
1. Indonesia's Delong anticipates a net loss of approximately RMB 1.8 to 2.2 billion for the fiscal year 2023, affected by the stepwise...
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