Stainless steel-related raw material prices have continued to rise recently.

Stainless steel-related raw material prices have continued to rise recently. In the EU's anti-dumping case against hot-rolled coils, at least one Vietnamese steelmaker seems to have escaped the excessive demands of domestic steel mills.

 

Stainless steel-related raw material prices have continued to rise recently. In the EU's anti-dumping case against hot-rolled coils, at least one Vietnamese steelmaker seems to have escaped the excessive demands of domestic steel mills.

 

Stainless steel-related raw material prices continue to rise

Shanghai Futures Exchange nickel prices continued to rise in Asia on March 17, up 0.5%. London Metal Exchange nickel prices also showed positive momentum at the opening, currently around $16.615 per ton (+0.88%).

 

 

Stainless steel scrap prices continue to rise

Chinese nickel pig iron prices rose by about 0.5%. Stainless steel scrap prices rose more significantly. Depending on the grade, some prices rose by more than 2.3%. Stainless steel spot market prices also responded, rising again by about 0.5% today and more than 3.2% since the beginning of March.

 

 

Did Vietnamese steelmakers escape the EU's anti-dumping duties?

The facts once again show that not all of the ridiculous demands made by the European steel lobby group EUROFER can be implemented by the Commission.

According to recent media reports, Vietnamese hot-rolled coil, one of the main targets of EUROFER in the current anti-dumping investigation (Japan, Egypt, India, Vietnam), seems to have escaped the market protection frenzy of EU steel mills and the European Commission in at least one case, at least this is the consensus of several Vietnamese media.

Even in the preliminary results of the EU steel product safeguard review announced not long ago, many of EUROFER's obviously exaggerated demands did not work.

 

 

Taiwanese stainless steel manufacturers plan to increase prices

According to market reports, Taiwanese stainless steel mills plan to increase prices in April 2025. One of the reasons is the increase in global nickel ore and nickel pig iron prices in March. In addition, demand for stainless steel products has recently rebounded again and is expected to increase further in the coming months.

 

 

European Steel and Metals Action Plan: Rejection of Innovation and New Starting Points

The European Commission's recently "leaked" draft "European Steel and Metals Action Plan" is currently being discussed in the media, and in many ways rejects innovation, new starting points and the creation of new economic opportunities in Europe.

 

Steel Safeguard Organization Seeks Successor

The Commission hopes to replace the EU safeguard measures for certain steel products with permanent safeguards. Such subsequent regulations would actually be in direct contradiction to the Carbon Border Tax (CBAM) as double punitive tariffs are actually not allowed under WTO guidelines.

 

 

 

 

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