Latest prices of stainless steel raw materials in China
Hot roll CNY/MT 201 7600.00 304 13200.00 316 24500.00 Cold roll CNY/MT 201 7800.00 304 13700.00 316 25300.00 430 7650.00
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News
Indian Jindal Stainless’ export sales proportion drops to 10%
Jindal Stainless Ltd (JSL) will start exporting stainless steel to Japan from the second quarter of the 2024-25 fiscal year. In a statement on July 31, Managing Director Abhyuday Jindal mentioned that the proportion of export sales to total sales…
TISCO Group’s export growth in the first quarter is obvious
Since 2024, TISCO has adhered to the strategy of creating high-end and distinctive varieties, implementing differentiated product competition strategies, focusing on the advantages of technology and varieties, actively promoting structural adjustment, optimization and upgrading, and promoting the research and production…
The shipping price of stainless steel plates has increased
A British freight forwarder said that the speed and pace of these changes are shocking, once again reproducing the tense situation during the peak of the epidemic. The freight forwarder warned that the shipping company cancelled the FAK rate quotation…
Jindal announces strategic investments
Jindal Stainless has announced major expansion and acquisition plans to augment its melting and downstream capacities. The company announced a three-pronged investment strategy worth nearly INR 5,400 crores to achieve global leadership in stainless steel. Jindal Stainless entered into a…
Saudi Arabia launched an anti -dumping survey of stainless steel pipes
According to the Saudi Public Press on May 3, 2024, the Saudi Foreign Trade Administration (GAFT) has begun to conduct anti -dumping investigations on longitudinal welding round cross -section stainless steel pipes imported from mainland China and Taiwan. This operation…
In 2023, the global crude stainless steel production reached 58.44 million metric tons
Brussels, April 11, 2024 — The World Stainless Steel Association released data for the full year of 2023, indicating a year-on-year increase of 4.6% in global stainless steel crude steel production, reaching 58.44 million metric tons. Among them, apart from…
UK and US impose sanctions on Russian metals
According to media reports on April 13th, the United States and the United Kingdom announced new trading restrictions on Russian aluminum, copper, and nickel, which may cause turbulence in the global metal market. The new regulations prohibit the London Metal…
FACOR will build a new ferrochrome factory in India
Indian manufacturers (Facor) intends to significantly expand its chromium iron production capacity. To this end, it has reached an agreement with Finland Industrial Engineering Corporation Metso to provide necessary equipment. As part of the Bhadrak (Orrisa) production capacity project, Facor…
Stainless steel prices fluctuate weakly, and spot transactions are scarce
Stainless steel prices fluctuate weakly, and spot transactions are scarce Nickel variety: Yesterday, nickel prices fluctuated weakly during the day and rebounded slightly at night. Transactions in the Spot market were average. Jinchuan’s nickel supply was tight and the premium…
WTO Announces Japan v. China Stainless Steel Anti dumping
The head of the Treaty and Legal Department of the Ministry of Commerce responded to the report of the World Trade Organization (WTO) Expert Group on Japan v. China’s anti-dumping measures against stainless steel on June 19. The person in…
Vietnam’s industrial parks face repeated power outages
There is a shortage of electricity in many parts of Vietnam, especially in the northern provinces where industrial parks are concentrated. Since early June, some industrial parks have experienced sudden power outages, causing factory production to be temporarily interrupted. Vietnamese…