Global manufacturing activity remained depressed during the third quarter. Europe in particular is facing a significant slowdown, with Germany leading the pack in a negative sense. Inflation is remaining an issue, though improving. And so are central banks’ interest rates that have consistently been raised to battle inflation but are now appearing to have reached a peak (...)

• Stainless end-product demand slowly rebounding from low levels
• Macro-economic slowdown spreads to all sectors in Asia
• Indian mills not keen to buy much scrap

• Increase in domestic stainless consumption
• Sector hit by rising imports
• Government asked to reconsider countervailing duty

• Benchmark grades mostly flat to lower in September
• Recycled stainless steel exports almost 80% higher
• Concerns remain over Basel Convention developments

• Mills apply increases to coil prices
• Slight increase in scrap values owing to shortages
• Scrap price differential favours imports

• Surge in construction projects and infrastructure development
• Saudi Arabia makes battery metals move
• Bullish market for stainless steel

• LME nickel falls further in quarter three
• Manufacturers experiencing good, steady demand
• Aerospace fuelling positive outlook