The sales market for stainless steel is getting more challenging: after a short period of consolidation, prices for standard-quality stainless steel began to decrease and this trend has continued strongly during quarter two, immediately ahead of the summer season. Price pressure is not coming solely from weakening demand as it has gathered further support from a structural price difference in relation to the Far East (...)

• Weakness in Asia’s stainless steel end product demand
• Posco’s stainless melt shops back online in South Korea
• India’s scrap demand hit by imported semis

• US stainless steel melt shop production falls almost 15% in 2022
• Global output levels might not recover until second half of 2023
• Early-2023 surge in stainless steel scrap exports

• Mills suffer downward spiral of declining sales
• Drop in production and therefore generation of new scrap
• Unexciting outlook for stainless scrap industry

• Stainless steel and nickel industry poised for growth
• Project focus on reducing oil dependence
• UAE extends ban on stainless scrap exports

• Superalloy manufacturing sees solid orders throughout 2023
• Aerospace sector fuelling superalloy demand
• Pricing volatility keeping sector on its toes