The first calendar week of the new year is coming to an end.
This week, rising prices in commodities were definitely in the focus of the media. It was not only about the nickel, which broke through the $ 18,000 mark per ton on the LME, but also about scrap metal.
We also took a look into the future and looked at the upcoming alloy surcharges for stainless steel.
The steel headlines of the week
Stainless steel mills in Taiwan adjust prices
Why metal stocks are rallying in trading
India: FeCr prices rise ahead of OMC chrome ore auctions
Could steel prices soon reach $1,000/ton in the new year?
US “China Tariffs” – What to Expect from the Biden Administration
Shanghai stainless steel continues rally on firm demand and nickel surge
Netherlands and UK become Turkey’s main scrap suppliers
New year, same problems for US HRC purchasers
Alloy surcharges expected to rise further in Q1 2021
China stainless steel rises 5% on higher raw material costs and tight supply
U.S. dollar down in Taipei trade
Ocean shipping companies lead the fight against empty container congestion
Outlook for the next week
For the coming week, we already see some freight and logistics issues coming up for the steel and stainless steel sector. Containers and ships remain in short supply, driving freight costs. Which is why it might already make sense to get your purchasing plan for the next few months under wraps.
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We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.