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The operators of the stainless steel market expect changes

4 June 2013
The operators of the stainless steel market expect changes

Market players stainless metal preparing for

change — believe the experts of the British Agency MEPS. Analysts say

the prices for the alloying elements for the production of special steels is not yet

intend to leave their current positions, but changes in the offing. They

opinion, the Nickel can rise even in the case of a slight recovery

manufacturers of special steels, and reason to expect them in the near future aktiviziruyutsya,


In particular, the British analysts write: «the Nickel

leading trading platforms is present in excess, and the difference between the amount

its production and consumption grows. So according to the London Metal

Exchange reserves of this resource in the warehouses at the beginning of this month was no

small 180 thousand tons, more than a quarter exceeded the indicators of the presence of

metal on the stock exchange in the beginning of this year. However, it is impossible not to take into account the

the fact that the most powerful economy in the world (including the Chinese people’s

Republic, USA and other States) is currently steadily moving out of

recession. This gives the experts reason to predict the growth of

the production of stainless steel, and, as a consequence — increase in level

consumption of Nickel with its accompanying rise in price».

As a confirmation of his words in terms of expectations

market participants, experts MEPS give examples of «troublesome» behavior

some large operators of the stainless steel divisions of metallurgy. «Finnish steelmakers

„Outokumpu“ recently alerted the public about the intention to introduce a new system of formation

payments for the alloying elements (yet partially), in which price changes will

be held daily (including fresh reports about the current market conjuncture)» —

tell the press to British intelligence. «The example of the Finns followed their

competitors from Spain (Acerinox), which abolished the monthly

revise pricing in favor of a more rapid correction of price lists. And,

apparently, the other stainless steel producers in Europe are also not

long to wait with such innovation» — commented on the situation

the representatives of the English Bureau of analytical information.

3 June 2013
6 June 2013