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Rising prices for stainless steel

24 March 2014
Rising prices for stainless steel

Due to the unique properties and high manufacturability stainless steel is considered the Queen of metal market. Because almost any industrial compartment in need of such materials. Such industries as automotive, aviation, shipbuilding, and even the food industry is actively using such metals of different brands for their needs. Therefore, any fluctuations in the market of stainless steel as a rule can lead to unpredictable consequences, as in any consumer industry, and the economy as a whole. Throughout its development, production of stainless steel has gone through lots of UPS and downs. At some point the cost for this important strategic material has reached its record high, while in other time intervals there has been a long drop in the value of the equivalent sharp decline in stainless steel production.

Currently world-famous Corporation producing stainless steel of American origin AK Steel has announced its intention to raise the price level of all goods made of stainless steel for the first of April of the current year. A fundamental factor in this price spike will be the abolition of the manufacturer discount prices for their products, which still accounted for two percent of the total cost of production. And in the most disadvantaged will be the automotive industry as AK Steel promises for those steel grades, which are used for the needs of the automotive industry to further raise the cost another twenty cents per pound. Given the active development of industry in recent years and the constant increase in the demand for stainless steel, such price fluctuations are not the best way will affect all compartments of the industrial complex of most European countries. However, the manufacturer of stainless products can understand the impetus to change the value of the goods, the company has experienced consistent growth in prices of energy and raw materials. Also his contribution to the situation made some deficiency in the markets of the original ore concentrate and some auxiliary elements. Buyers of stainless steel of the American manufacturer does not consider the situation critical, but thoroughly concerned about how this trend will develop in the future. After further increase in the price of stainless steel could trigger unfavorable conditions for capacity building in consumer compartments.

19 March 2014
25 March 2014