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Stainless Steel News Today

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Latest Market News Of Stainless Steel

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OfBusiness Stainless Steel Daily Market Report | 25th July 2024
Stainless Steel
Daily Market Report
25 July

OfBusiness Stainless Steel Daily Market Report | 25th July 2024

Nickel and copper prices dropped today, opening at $15,635/ton and $8,974/ton, respectively. Retail prices for stainless steel 304 CR wider 2B range from Rs.194-197/kg, while 316L HR wider is Rs.311-315/kg. Demand for 304 and 316L remains steady, with strong interest in 201 grades.
OfBusiness Stainless Steel Daily Market Report | 24th July 2024
Stainless Steel
Daily Market Report
24 July

OfBusiness Stainless Steel Daily Market Report | 24th July 2024

LME's Nickel and Copper opened down by 0.19% and 0.48%, respectively. SS prices: 304 CR wider 2B: Rs. 194-197/kg, 316L HR: Rs. 311-315/kg. Demand for 304 & 316L is stable. Strong demand for the SS 200 series persists due to limited imports.
OfBusiness Stainless Steel Daily Market Report | 23rd July 2024
Stainless Steel
Daily Market Report
23 July

OfBusiness Stainless Steel Daily Market Report | 23rd July 2024

Nickel is down 0.12% at $16,160/ton. SS 304 CR wider 2B is Rs. 194-197/kg, SS 316L HR wider is Rs. 311-315/kg. Demand for 304 & 316L is steady; SS 200 series is performing strongly, while SS 400 series remains weak.
Stainless steel futures on SHFE increase on Jul 22

Stainless steel futures on SHFE increase on Jul 22

Stainless steel futures on Shanghai Futures Exchange saw a CNY90 increase on July 22, hitting a high of CNY13,900 per ton, and closing at CNY13,850 per ton, demonstrating a positive market trend.
Rising imports may pose a challenge for local steel akers: JSW Steel's chief executive officer Jayant Acharya

Rising imports may pose a challenge for local steel akers: JSW Steel's chief executive officer Jayant Acharya

Increased steel imports at low rates may challenge Indian manufacturers augmenting capacities to meet local demands, warns JSW Steel's CEO Jayant Acharya, with sluggish global sales contrasting stark domestic demand.
OfBusiness Stainless Steel Daily Market Report | 20th July 2024
Stainless Steel
Daily Market Report
20 July

OfBusiness Stainless Steel Daily Market Report | 20th July 2024

LME's Nickel closed unchanged at $16,240/ton, while Copper closed down 0.21% at $9,290/ton. SS retail prices: 304 CR wider 2B at Rs. 194-197/kg, SS 316L HR wider at Rs. 311-315/kg, and SS 201 CR 2B at Rs. 143-148/kg, ex-Delhi.
OfBusiness Stainless Steel Daily Market Report | 19th July 2024
Stainless Steel
Daily Market Report
19 July

OfBusiness Stainless Steel Daily Market Report | 19th July 2024

LME's Nickel opened down by 0.15% at $16,400/ton, Copper up by 0.24% at $9,409/ton. Prices: 304 CR 2B at Rs.194-197/kg, 316L HR at Rs.311-315/kg, 201 CR at Rs.143-148/kg, ex-Delhi. Demand: 304, 316L stable; 201 strong; 400 weak.
Toshiba Group to invest 10 billion Japanese yen in India to expand capacity

Toshiba Group to invest 10 billion Japanese yen in India to expand capacity

Toshiba Group plans to invest Rs 500 crore in India for expanding capacity of power transmission and distribution equipment. This demonstrates a 1.5 times increase in their manufacturing volume, aimed for completion by FY2026.
Electrical Steel Producers Navigate Mixed Signals for July 2024: Supply Stability vs. Weak Demand

Electrical Steel Producers Navigate Mixed Signals for July 2024: Supply Stability vs. Weak Demand

July 2024: Indian Electrical Steel producers balance stable supply versus weak demand amid economic uncertainty and regional variations, marking a complex landscape for the industry.
OfBusiness Stainless Steel Daily Market Report | 18th July 2024
Stainless Steel
Daily Market Report
18 July

OfBusiness Stainless Steel Daily Market Report | 18th July 2024

LME's Nickel down 0.09% at $16,495/ton. SS prices in Delhi: 304 CR wider 2B at Rs. 194-197/kg, SS 316L HR wider Rs. 311-315/kg. Global steel production in Q1 2024 rose by 5.5% to 14.58 million tons, led by China's 8.58 million tons.

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