Stainless steel demand on the rise?

According to a MEPS report stainless steel demand should be on the rise in the coming weeks. This is because of the expectation that stainless steel prices should fall, as nickel prices have been declining.

In fact, changes in the nickel price have been quite marked recently, with the nickel price falling to ~$25,000/tonne recently against earlier highs in 2011 of around $29,000 per tonne.

 

Visit our main website to track the nickel price and other non-ferrous prices.

 

blogger@steelonthenet.com

Rebar cost model

We have posted another cost model on the website. This is a January 2011 model of conversion costs from billet to rebar, based on scrap and billet costs today. To better understand cost structure for producing reinforcing bar, click steel rebar cost model.

blogger@steelonthenet.com

Correction - steel prices to stay flat ...

We quoted an FT report on 31st March suggesting 'Steel prices set to soar...'

Four months on, we wish to correct this perspective. Our current best estimate is that steel prices will stay more or less flat for the next 12 months. This is because of slower-than-expected world economic growth, and relatively low steelmaking capacity utilisation rates in the coming months ...

For the latest [free] steel price forecasts 12 months out, please visit http://www.steelonthenet.com/price_forecasts.html.

blogger@steelonthenet.com