Stainless Steel Price Chart 2018

An outbreak of a new coronavirus 2019 ncov in wuhan the capital of hubei province in mainland china and subsequent extension of factory closures beyond the lunar new year holiday have caused a downward revision to our iron ore and steel price forecasts over the first half of 2020.

Stainless steel price chart 2018. Stockpiles of nickel stored in lme licensed warehouses rose on thursday and now totals just shy of the 236 300 tonne level. View over 950 global steel and metals reference prices chart and compare up to five different price series over a selected period of time the current pricing data is only available to subscribers please login to see the data or take a trial. Javascript chart by amcharts 3 20 3 2014 2016 2018 2020.

China 469 per metric tonne ex works up 7 from 462 two weeks ago up 238 per. Scrap metal scrap price. The year was challenging for the vast majority of worldwide economies but.

Daily nickel stainless steel briefing. Current scrap metal prices. Historically steel reached an all time high of 4960 in october of 2018.

Steel data forecasts historical chart was last updated on august of 2020. Meps stainless steel prices are calculated from a weighted average of the low transaction values for all grade 304 stainless steel products in the flat long categories researched in three regions eu asia and north america and converted into us dollars using currency exchange rates effective at the start of each month. That projection proved to be too conservative as the same report pictured above in october 2019 details increases of 3 9 percent due in large part to an unexpected rise in demand in china.

Average price of cash nickel so far this month 6 05 lb. Accurate benchmark for stainless steel prices weighted averages of all prices submitted to our database for each grade of stainless. Stainless steel prices in china are running 3 68 higher than this time last year and 1 1 higher than last month according to a chinese steel index we follow.

476 per tonne from the recent high of 1 006 912 nt on jul. Nickel closed thursday s trading session at 6 57 lb 14 480 tonne. Coronavirus outbreak to weigh on global steel markets.

Steel is expected to trade at 3558 99 yuan mt by the end of this quarter according to trading economics global macro models and analysts expectations. Steel in the same period is up 14 5 and 2 28. Indicators at 7 20 am cst today show nickel trading around 04 lb lower.

Check today s prices for scrap metal with the iscrap app.