SMR Stainless Steel Club - Daily News

final preperations for #SMRIstanbul2025

The EU stainless steel market prepares for the full restart after the summer holidays on a more positive note. Close-to-normal stocks and lower supply set the basis for gradual demand and price rise. bit.ly/3L8UtVh #StainlessNews #Stainless

Indonesian stainless steel exports rebounded in June, reaching the highest level since the year beginning. Increased demand for HR sheets from Asian countries was the main driver. bit.ly/3OAjY2G #StainlessNews #Stainless

During the month of July, the automobile production in Germany reached 300,300 units, reflecting a 20% surge in comparison to the same month in the previous year, according to VDA. bit.ly/3KHp0JG #StainlessNews #Stainless

SMR’s latest July 2023 reports with comments on stainless steel flat and long products market and end use analysis are available for club members. bit.ly/3qlTnhK #StainlessNews #Stainless

Indian market insiders are quite pessimistic in their near-term predictions for STS scrap, as demand is not expected to improve until construction season starts in September. bit.ly/3Yn4K5z #StainlessNews #Stainless

Suppliers from three countries can potentially be investigated for circumventing EU trade measures on Indonesian stainless steel cold-rolled flat products. bit.ly/45h8mZh #StainlessNews #Stainless

New 'Reflection of the Month' video is available. Markus Moll has shared his views on what we can expect in the second half of 2023 for the stainless steel industry in Europe. bit.ly/478XFJV #StainlessNews #Stainless

Glencore's own sourced nickel production dropped in January-June, but the company did not revise its target for the whole of 2023. Thus, nickel supply is expected to rise during the rest of the year. bit.ly/3q8vTMY #StainlessNews #Stainless

China’s stainless steel (STS) export fell in H1, despite a sharp shipment rise to India and Russia. bit.ly/3Kenrmj #StainlessNews #Stainless

Steel end-users are concerned about the extreme complexity of CBAM reporting and emission calculation methodologies, calling for a more realistic time frame for its implementation. bit.ly/3Q5KKT1 #StainlessNews #Stainless

As the start of the CBAM trial period is less than three months away, the European Commission continues trying to shed light on its form and functioning. bit.ly/45cCK79 #StainlessNews #Stainless

Indonesian stainless steel exports fell in January-May amid weaker demand in all major foreign outlets, like China, SE Asia, and Turkiye. bit.ly/3Di2W46 #StainlessNews #Stainless

June 2023 prices of SMR’s monthly price census is available in the Club for flat and long products. Latest prices are presented in a compact table. bit.ly/43uo2aa #StainlessNews #Stainless

On July 7, the European Commission (EC) launched a consultation to decide whether to use the Enforcement Regulation in its dispute settlement case on Indonesian nickel ore export restrictions. bit.ly/43sQBVh #StainlessNews #Stainless

After stocks rose in early and mid-June, Chinese traders managed to lower the level in early July. They put all their efforts into minimizing inventories due to worries about falling prices. bit.ly/3PXD9WC #StainlessNews #Stainless

Like all stainless steel markets, the U.S. continues grappling with low demand and long-drawn restocking. Imports also add concerns. There are hopes for demand and stock improvement in September. bit.ly/46EuTk9 #StainlessNews #Stainless

The major Taiwanese stainless longs steel maker Walsin Lihwa followed the trend set by YUSCO a few days earlier based on sluggish demand from one side and rising molybdenum quotes from another. bit.ly/3XHT7Ga #StainlessNews #Stainless

Most important news and prices on nickel, chrome, stainless steel scrap and molybdenum in CW 27/23 - all in a nutshell. bit.ly/3PODomx #StainlessNews #Stainless

After a significant price drop in Taiwan in May, there is positive news from YUSCO, as it has stopped lowering its offer prices and has even announced price increases for some grades. bit.ly/44shLg4 #StainlessNews #Stainless