📰 Stainless Steel Market Morning Briefing 📰

Welcome to the latest update on the stainless steel market, where we distill key insights from the industry for your convenience.

Nickel Ore 🌟

The supply of nickel ore remains tight, making prices prone to rise rather than fall. As of June 14, 2024, the CIF prices for various grades of nickel ore have stabilized, reflecting a cautious market sentiment amidst nickel price fluctuations.

Ferronickel 🔍

The market mood for ferronickel has not been favorable, with price support weakening. Despite this, cost considerations limit the room for concessions, maintaining firm offers from suppliers.

Refined Nickel 📉

Refined nickel prices continue to decline, with premiums rising across various brands. The market is divided on whether prices will fall further, leading to a scattered spot premium quotation.

Chrome Series 🟨

Chrome ore futures have risen, while spot prices remain stable. The supply of chrome ore from South Africa and Turkey has increased, but high costs and cautious trading have moderated market activity.

Scrap Stainless Steel 🛠️

Scrap stainless steel prices are under pressure, with a general market trend of weakening. The 304 grade has seen a significant drop, reflecting the impact of falling stainless steel product and futures prices.

Stainless Steel Markets 🏭

Stainless steel prices in Wuxi and Foshan have fallen, with market transactions focusing on low-priced resources to facilitate deals. The market sentiment remains cautious, with a focus on urgent demand orders.

Tube and Profile Market 📐

Stainless steel welded pipe prices have been mainly stable with individual declines. The market is in a phase of price contention, with a preference for stability to bolster market confidence.

Americ Energy (CHINA) Co., Ltd.: Your Trusted Source for Versatile Stainless Steel Products

Americ Energy (CHINA) Co., Ltd. is a distinguished manufacturer and distributor of a broad spectrum of stainless steel products, tailored to meet the multifaceted requirements of a variety of industries. Their range includes stainless steel tubes, plates, strips, and square tubes, all adhered to the highest quality standards.

They offer an extensive selection of stainless steel grades, each with unique properties suitable for specific applications:

• 201 Stainless Steel: Known for its excellent impact resistance and toughness in cold environments.
• 304 and 304L Stainless Steel: Versatile grades with an 18% chromium and 8% nickel composition, offering strong corrosion resistance and formability.
• 316 and 316L Stainless Steel: With improved corrosion resistance, especially 316L, favored for its superior weldability.
• 310S Stainless Steel: Noted for its resistance to high-temperature oxidation and corrosion.
• 321 Stainless Steel: Enhanced with titanium for stabilization, providing resistance to intergranular corrosion.
• 430 Stainless Steel: Balances corrosion resistance and formability, suitable for chemical applications and decorative components.

Their products are widely used in construction, automotive, manufacturing, chemical processing, decoration, and household products.

Each product is backed by detailed technical specifications, ensuring customers can make informed choices based on their exact needs.

Product Advantages: The company emphasizes the corrosion resistance, formability, high-temperature endurance, and weldability of its products.

Contact Information:

• Website: www.metal-ae.com
• Email: ae@americenergy.com
• Phone: 13521210668
• WhatsApp: 13521210668
• Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China