Industrial Insight

Stainless News | April 15, 2015

US 2015 AUSTENITIC STAINLESS PRICES SLIDING

13 April 2015

MEPS International has reported that so far in 2015 a quick decline in the cost of raw materials, especially nickel, has led to a substantial cut in stainless steel prices in the United States and in countries where the prices are denominated in American dollars.

As per MEPS, LME nickel cash figures plummeted from a high of USD $16, 800 per ton during December, to a low of $13, 920 per ton, during February, which is a decrease of more than 17 percent. As this drop was factored into alloy surcharges, transaction prices for grade 304 cold rolled coil, in the US, fell by 8 percent, between January and March. These price reductions have discouraged buyers at the service centres from placing forward orders.

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I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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