As nickel prices consolidate in the wake of the sanctions-related volatility of recent weeks and look to the fundamentals to find support, we review some key takeaways from our Ferro-Alloys Market Tracker and Stainless Steel Market Tracker published this week. Stainless market digesting Section 232 Post Section 232 deliberations, the global stainless steel market is experiencing diverging trends with import duties and tariffs taking a toll over trade dynamics. The 25% duties applied by the Trump administration on all steel products, including stainless, have raised concerns among the US’s leading trade partners. This is especially the case with European stainless steelmakers, who are major exporters to the US, given that their buying market has dwindled over recent years owing to an increase in capacities elsewhere. Nearly 6% increase in stainless steel production in 2017......
Receive a free sample of market analysis and price forecasts.
Free SampleReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.
Subscribe