[Price Reporting] Stainless Steel : N-155

1. Reporting Duration: March 3, 2025 – March 7, 2025
2. Introduction to Metals: Alloy Price Analysis including Stainless Steel
3. Summary: From March 3 to 7, 2025, the price of N-155 alloy increased. The increase was driven by higher prices for nickel, cobalt, and ferrotungsten. Nickel prices increased due to Chinese manufacturing growth and increased demand for electric vehicles, US trade policy changes and supply uncertainty, and a weaker dollar. Cobalt surged in price thanks to Congo’s announced export ban to address oversupply. Ferro tungsten increased in price due to a shortage of concentrate supply in Asia and export controls in China. Looking ahead, N-155 alloy prices are likely to continue to rise in response to rising prices and supply instability for nickel, cobalt, and ferro tungsten.

 

 

 

 

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00. [Price Reporting] Stainless Steel – N-155