Steel News

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

US' stainless steel keeps stable amid pandemic

4 Jun 2020 15:39 reported by Matt Qiu

A A A
At this moment, the US buyers of stainless steel were still scarce. Companies were reluctant to place new forward orders because of the uncertain economic environment caused by the COVID-19. Service centers were eager to reduce inventories, especially high-priced materials.

Before the outbreak, stainless steel producers in the US said base prices were about to rise. However, the unprecedented market situation brought by the pandemic made that it was unlikely to have big discounts in the short term.

For now, the steel produces in the US were content to keep price stable. Cutting production and reducing inventory levels will help mills keep benchmark prices stable in the coming months.

Back to Steel News

Related News

MEPS revises down global stainless steel production forecast for 2022

  • Stainless steel
  • 2 Dec 2022 16:35

China’s stainless steel imports & exports increase in Jan-Oct y-o-y

  • Stainless steel
  • 1 Dec 2022 16:36

Walsin Lihwa tops global leader in stainless steel wire rods and bars after acquiring Italy's CAS

  • Stainless steel
  • 1 Dec 2022 16:25

Walsin Lihwa moderately hikes stainless steel wire rod prices for Dec

  • Stainless steel
  • 30 Nov 2022 16:20

Aperam raises European stainless steel alloy surcharges for Dec

  • Stainless steel
  • 30 Nov 2022 16:14

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,056.00
  • 3,050.00
  • Aluminum
  • 2,430.00
  • 2,459.50
  • Copper
  • 8,216.00
  • 8,250.00
  • Nickel
  • 26,900.00
  • 26,900.00

Learn more

Coil Exchange Center

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

Learn more