Steel News

We strive to let you one step ahead of the market.

Stainless steel price may increase due to COVID-19 impact in Indonesia & Philippines

10 Mar 2020 11:53 reported by Jordan Huang

A A A
According to the market news, the market was currently worried whether the Philippines and Indonesia, both were the main suppliers of nickel-iron in the world, kept suffering by the COVID-19 currently, which might further influence the production of nickel-iron.

By the official statistic, there were over 90% of laterite nickel ore in China was supplied by the Philippines, but now those Chinese shipping workers who work on the harbor in the Philippines would need to be quarantined at home for 14 days.

Based on that, although the raw material's supply seemed under risk, whether the demand could resume was still the main factor for the future stainless steel prices.

Back to Steel News

Related News

China’s stainless steel crude steel output in week ending Nov 24 decreases w-o-w

  • Stainless steel
  • 29 Nov 2022 17:04

Taiwan’s Yusco announces new stainless steel prices for Dec

  • Stainless steel
  • 29 Nov 2022 15:01

Taiwan’s upstream stainless steel mills expected to raise prices for Dec due to rising nickel prices & inventory replenishment

  • Stainless steel
  • 28 Nov 2022 17:05

Global stainless steel market to grow at CAGR of 9.4% by 2028

  • Stainless steel
  • 24 Nov 2022 16:53

Nickel prices to be supported by decline in LME & SHFE nickel inventories

  • Stainless steel
  • 24 Nov 2022 16:53

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,911.00
  • 2,908.00
  • Aluminum
  • 2,315.00
  • 2,353.00
  • Copper
  • 7,965.00
  • 7,980.00
  • Nickel
  • 25,200.00
  • 25,300.00

Learn more

Coil Exchange Center

  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790
  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790

Learn more