Aylık arşivler: Aralık 2014

Stainless steel Demand

Stainless steel REPORT 2014

According to distribution group Damstahl,  demand from fabricators have slowed somewhat,
but orders from stockholders are substantially down. Stockists do not want to receive any new material this year and wait as long as possible with orders for 2015 by checking further nickel price development.

Stainless steel base prices have not increased in Q3/14 and production volumes have decreased   compared to  Q2/14. Currently, base prices are under pressure again and show a downward tendency. Chinese mills still sell significant volumes of 304 CR coils up to 300 EUR below European mills prices.

According to Damstahl Report ,European stainless crude steel production is expected to reach 7.5 mill. ton in 2014 (+5.5% compared to 7.1mill. t in 2013). Production is expected to be considerably higher in Sweden (+10%) and Slovenia (+14%), while on the other hand Germany after the closure of Krefeld – will show a 10% decline of production in 2014.

NICKEL: LME prices fell from almost 20,000 USD/t in the beginning of September to around 15,500 USD/t in   mid-November. Demand from European and especially Chinese mills remained subdued after the summer period. Falling Nickel pig iron  production in China might put nickel prices under pressure in Q1/15, but there is no Nickel pig iron  shortage so far as China was able to stretch Indonesian material with NPI ore from the Philippines. Hence the gap compared to last year’s NPI production is less than 100,000 t this year.



Turkish scrap metal industry

Turkish scrap metal industry

China which is one of the largest consumers of all kinds of metals in the world is not the biggest scrap  importer in the world. Turkey is the largest   scrap metal importer  in the world.

US, Germany, Britain, Russia etc are sending the biggest volumes of their recycled scrap metals to Turkey.

After Turkey, South Korea is the second largest scrap metal importer in the world.

India is the third largest scrap metal importer in the world.

According to report  30 percent of US scrap exports went to Turkey, while Britain sent 32 percent, Russia 47 percent,  Netherlands 30 percent, Belgium 37 percent and Germany 7 percent of exports to Turkey.