Stainless Steel Market Price Trend
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Steel prices at the beginning of 2020 are relatively stable when compared to 2019 despite a momentary spike in december.
Stainless steel market price trend. Should cost models yes for stainless. Indicators at 6 10 am cst today show nickel trading around 01 lb higher. Meps stainless steel prices are calculated from a weighted average of the low transaction values for all grade 304 stainless steel products in the flat long categories researched in three regions eu asia and north america and converted into us dollars using currency exchange rates effective at the start of each month. Scrap metal prices are constantly changing so the iscrap app national prices is a great resource for you to see the trend of where scrap prices are heading.
The three nickel prices included in the metalminer indx also increased across the board again this month with increases. Given the generally positive outlook for steel demand and an expected slowing of chinese steel production prices could be set to rise in 2020. Historically steel reached an all time high of 4960 in october of 2018. Daily nickel stainless steel briefing.
Steel decreased 135 yuan mt or 3 61 since the beginning of 2020 according to trading on a contract for difference cfd that tracks the benchmark market for this commodity. Steel price chart last 10 years june 2020 price of steel 2009 2017 carbon brief steel forecast and ysis q3 2016 steel prices in the domestic market cast iron price trend in 2017 and 2018 steel price chart last 10 years caska. Stainless steel market size industry analysis report regional outlook application development potential price trends competitive market share forecast 2020 2026 report id. Steel price chart last 10 years monday 5 october 2020.
Metalminer insights includes a range of stainless steel prices for grades such as. Korean stainless steel coil 430 cr 2b increased in price by 5 92. 201 301 304 316 321 430 439 409 441 and 444. Stockpiles of nickel stored in lme licensed warehouses fell slightly on friday and started this week just under the 236 200 tonne level.
But as remeithi points out any projection for the industry rests on shaky ground.
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