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STS output cuts to intensify in China in November

Chinese stainless steel makers were reducing production in October, but the decline was not enough to support the market prices. As a result, mills scheduled more output reductions for November. According to information from twelve key producers in the country, STS production was reduced by 190 k... Read More

YUSCO and Walsin drop 300-series prices for November

Two major Taiwanese stainless steel makers announced significantly lower prices for 300 series products but kept offers stable for 200 and 400 series. Walsin Lihwa and YUSCO both voiced a TWD 1,500/t (USD 46/t) decline in 304 product prices for November, while 316L grade offers fell by TWD 4,000/... Read More

Indian STS longs makers forced to keep cutting output in November

Indian producers of stainless steel longs are forced to keep cutting output in November despite a sharp decline in October. Weak demand in the EU and high stocks weigh on the mills. Indian STS longs makers, who always depend on exports, experienced a significant cooling down of buying interest am... Read More

Indian STS scrap prices dive again on weak steel demand

Indian scrap prices kept moving down in early November. Weak finished steel demand continued to push raw material quotes down. However, some hopes for a rebound have risen in the market. The import offer price range decreased by USD 70/t from mid-October to USD 1,300-1,350/t CFR on November 9. Th... Read More

Indonesian STS exports down on weaker Asian markets in September

Indonesian stainless steel exports dropped in September on weaker sentiment in local Asian market, mainly in China. The most significant decline was seen in exports of semis. In September, Indonesian STS exports fell by 17% to 316.5 kt over the month. In an annual comparison, the volume was reduc... Read More

Taiwanese net STS imports still on rise in September

Low profitability and weak demand for Taiwanese stainless steel made local producers use more imported materials, which are more effective in terms of costs. Taiwan exported almost 68 kt of STS products in September, down 12% over the month. However, imports hiked by 9% m-o-m to 108 kt. Thus, Tai... Read More

SeAH Metal to shutdown wire production

SeAH Metal, the unit of the major Korean steel group SeAH Holdings, is going to close its stainless steel wire business by the end of this year due to low competitiveness. SeAH Metal will fully stop operations of its wire making unit since January 2024, the company representative confirmed to SMR... Read More

China’s STS CR market still bearish

The downtrend still prevailed in China’s stainless steel market during the first half of November. Demand was still weak inside the country, but some improvements were seen in exports. The export offers for 304 2B CR coils (2 mm) dropped by USD 70-80/t over two weeks to USD 2,020-2,130/t FOB. The... Read More

Analyzing the Applications and Benefits of 437 Stainless Steel

437 stainless steel is a highly corrosion-resistant material, whose strength and durability make it an ideal choice for various industrial applications. 437 stainless steel is a special type of stainless steel, whose elemental content and advantages make it widely used in many fields. This articl... Read More

Comprehensive Insights on 439 Stainless Steel: Composition, Applications, and Advantages

Stainless steel is an indispensable material in modern industry and everyday life, and 439 stainless steel is widely recognized for its unique properties and extensive application fields. This article will focus on the analysis of the elemental content, application fields, and advantages of 439 s... Read More
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