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Stainless Steel & Special Alloys

Stainless Quarterly Report 2023-02

Issue

Joost van Kleef

A better start to 2023 than widely expected

Joost van Kleef

Oryx Stainless B.V. (NLD), Chairman of the BIR Stainless Steel & Special Alloys Committee

Despite the “energy crisis” headlines, the start of 2023 has been better for the stainless steel industry than most economic researchers predicted (...)

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Vegas Yang

Asia

Vegas Yang

HSKU Raw Material Ltd, Taiwan (CHN) & Mahiar R. Patel, Cronimet (SGP)
  • Gradual restarting of Posco melt shop operations
  • Some Chinese mills enter international market for stainless scrap
  • Falling container freight rates assist scrap movements
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Doug Kramer

United States

Doug Kramer

Spectrum Alloys LLC (USA)
  • Stainless scrap prices head higher in January
  • Scrap export demand healthier than expected
  • Challenges on several fronts for LME
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Ruggero Ricco

Italy

Ruggero Ricco

Nichel Leghe Spa (ITA)
  • Uncertainties persist into 2023
  • Some mills stopping for plant maintenance in first quarter
  • No strong desire among scrap suppliers to sell product
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Omar Al Sharif

Middle East

Omar Al Sharif

Sharif Metals Group DMCC (ARE)
  • UAE’s non-oil GDP growth remains stable
  • Slower stainless steel demand from August onwards
  • Distributors and service centres continue destocking
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Rosie Hill

Superalloys

Rosie Hill

Ireland Alloys Ltd. (GBR)
  • LME nickel still troubled through fourth quarter
  • Molybdenum jumps to new highs
  • Superalloy manufacturers with extended order backlogs
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