Home Company Profile Steel Industry Analysis Meps Publications Consultancy Independent Studies
MEPS Steel Prices On-line MEPS Steel Reports On-line MEPS Industrial Sector Steel Price Index

Company Profile
Steel Industry Analysis
MEPS Steel Publications
Steel Consultancy
MEPS World Steel Prices
Independent Studies
Request Free Publications
Steel Statistics
MEPS Index Steel Prices
Subscribe to Publications
MEPS Steel News
Industry News
MEPS Sponsored Events
Steel Links
Subscription Rates
Add Link To Website
Content for Websites
Contact Us
Site Map

World Carbon Steel Price
World Carbon Steel Price Index
EU Carbon Steel Price
EU Carbon Steel Price Index
Asia Carbon Steel Price
Asia Carbon Steel Price Index
North American Carbon Steel Price
North American Carbon Steel Price Index
Flat & Long Carbon Steel Price
Flat & Long Carbon Steel Price Index
All Products Composite Steel Price & Index
Stainless Steel World Price
Stainless Steel World Price Index
EU Stainless Steel Price
EU Stainless Steel Price Index
Asia Stainless Steel Price
Asia Stainless Steel Price Index
North American Stainless Steel Price
North American Stainless Steel Price Index
Home > MEPS Steel News - 01.09.2015


The trend in MEPS world average stainless steel prices has been inexorably negative over the past twelve months. With only a couple of very minor monthly increases, reflecting fluctuations in the LME nickel figure, transaction values have followed a downward trajectory. The average price for 304 cold rolled coil, this month, is around 28 percent lower than number recorded one year ago.

Basis values, where applicable, have been quite stable, with only a few small, mostly negative, adjustments. They remain close to the producers’ breakeven figures. The EU cold rolled, type 316, basis price has decreased by 3.2 percent, year-on-year. During the same period, as nickel and molybdenum values have plummeted, alloy surcharges for 316 grades have fallen by more than 25 percent.

Although raw material costs are predicted to grow, moderately, from their current levels, in the next twelve months, the average over that period is likely to significantly lower than during the past year.

Transaction values in Asia are predicted to rise slowly, reflecting the cost of raw materials, reaching a peak level around May 2016. Following a seasonal pattern, prices are forecast to slip during the summer months.

Effective selling figures in Europe are expected to continue to soften, month-on-month, until the end of this year. Gently rising transaction values are foreseen during the first half of 2016, driven by raw material costs. Prices are likely to weaken as demand slows in advance of the traditional summer shutdown season.

North American basis values are predicted to remain mostly stable, with one small increase anticipated, early next year. Transaction figures will, thereafter, track the changes in alloy surcharges. This is likely to result in seasonal peak prices being reached in May 2016.

Source: MEPS - Stainless Steel Review - August Issue

Free Sample copy of MEPS Stainless Steel Review



Sign up for free MEPS steel news alerts

Enter e-mail address *Required


If you are a journalist please tick here: