Stainless steel forecast 2007

World production of stainless steel is forecast to reach 29 million metric tonnes in 2007 [crude steel equivalent], according to projections just published by MEPS

This forecast represents an increase of just 2.2% on 2006 output. Orders seems few and far between as stocks are consumed, and as purchases are delayed in anticipation of surcharges tumbling in the coming months, as alloy metal prices fall.

For full MEPS article (including regional stainless production forecasts) see http://www.meps.co.uk/editorial8-07.htm.

blogger@steelonthenet.com

Nickel content in stainless steel declining [MEPS]

Soaring nickel prices [see daily price chart at http://www.steelonthenet.com/feeds/nickel.php] are driving buyers of austenitic stainless steels to substitute products. Although much of the substitution is taking place within stainless steel (especially in favour of type 430 ferritic and of 200-series grades), coated carbon steels are coming increasingly into consideration.

For the latest report on these trends, visit MEPS at http://www.meps.co.uk/editorial4-07.htm.

blogger@steelonthenet.com