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Stainless Steel News Today

Latest Market News Of Stainless Steel

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Indian Stainless Steel Prices Record High: Will Renewing BIS License Impact the Industry?

Indian Stainless Steel Prices Record High: Will Renewing BIS License Impact the Industry?

Indian stainless steel prices soar to 6-month highs, with the 300 series at November 2023 levels. Global nickel prices drive the surge, hitting 8-month highs. Rising input costs prompt major producers to hike prices. Renewal of BIS license sparks concerns for imports.
How Will Higher Raw Materials Impact Indian Silico Manganese Market?

How Will Higher Raw Materials Impact Indian Silico Manganese Market?

Indian silico manganese prices are poised to remain supported due to soaring raw material costs, particularly manganese ore. The industry anticipates sustained demand driven by buoyant steel prices. Market participants brace for continued support on silico prices amidst global ore price hikes and supply constraints.
Stainless Steel Prices Expected to Rise Due to Increasing Raw Material Costs

Stainless Steel Prices Expected to Rise Due to Increasing Raw Material Costs

Rising nickel costs drive stainless steel prices up globally. With Indonesia's dominance in nickel production and soaring prices on the LME, major producers like POSCO and Yusco are hiking prices, influenced by factors including raw material costs and currency exchange volatility.
Pig Iron Prices Hit Record Highs Due to Active Demand and Higher Bids in Auctions

Pig Iron Prices Hit Record Highs Due to Active Demand and Higher Bids in Auctions

Pig iron prices surge to record highs in India driven by active demand and higher auction bids. Recent auctions by major PSUs like SAIL see bids up by around Rs 4,000/ton, signaling further support. Despite concerns of sharp surge, active trades bolster market confidence.
Rising Input Costs and Supply Shortage Spurts Silico Manganese Prices in India

Rising Input Costs and Supply Shortage Spurts Silico Manganese Prices in India

Indian silico manganese prices surged due to rising manganese ore prices and active demand. With a 2-year high, the recent spike reflects the market's concern over ore shortage. MOIL's manganese ore prices surged 25-40%, driven by reduced import shipments, prompting producers to raise prices.
A Detailed Look at the Performance of Indian Pig Iron Market (April 2024)

A Detailed Look at the Performance of Indian Pig Iron Market (April 2024)

In April 2024, the Indian pig iron market surged to a 10-month high, propelled by rising steel prices triggered by geopolitical tensions and strengthening substitute prices. Active participation in auctions led to higher spot prices, with industry sources anticipating volatility in May.
Indian Stainless Steel Market Recovers in April; Click Here to Know Why!

Indian Stainless Steel Market Recovers in April; Click Here to Know Why!

The Indian stainless steel industry saw a resurgence in April 2024, buoyed by rising nickel prices and active demand. With India's top producer hiking prices twice, a total of Rs 7,000-8,000/ton (US$ 84-96), the market reflects optimism amid surging raw material costs.
Will Indian Steel Exports Gain Momentum Amidst Chinese Export Issues?

Will Indian Steel Exports Gain Momentum Amidst Chinese Export Issues?

Amid China's crackdown on non-VAT steel exporters, India eyes a potential surge in steel exports. With China's dominance facing uncertainty, India's competitive capabilities position it as a beneficiary. Will Indian steel seize the opportunity amidst global trade shifts?
China's Surging Steel Exports Raise Trade Concern

China's Surging Steel Exports Raise Trade Concern

China's steel exports surged by 28% in Q1 2024, prompting trade concerns. Despite challenges in the domestic market, China's steel production remains high, leading to increased exports. A few countries are implementing tariffs and trade measures in response, while China plans new export taxes.
Indian Silico Manganese Prices Remain Strong Despite Softening Billet Prices

Indian Silico Manganese Prices Remain Strong Despite Softening Billet Prices

Indian silico manganese prices remain strong, supported by slight supply shortages. Current offers in Raipur and Durgapur show significant week-on-week and month-on-month uptrends due to low supply, active demand, and rising input costs, particularly driven by surging manganese ore prices globally.

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