[Price Reporting] Stainless Steel : Ni-Resist 1, Ni-Resist 2, Ni-Resist 3, Ni-Resist 4, Ni-Resist 5

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 March 7, 2025, the prices of Ni-Resist alloys rose by $0.08 to $0.16 per kg. This price increase was primarily driven by the rise in nickel prices, which increased from $15.60 to $16.05 per kg. The main drivers behind the nickel price spike were the US announcement of additional tariffs, global economic uncertainty, and nickel supply concerns in Ontario, Canada. Copper prices also rose by $0.30, influenced by concerns over US tariffs and expectations of economic growth in China.

In the short term, Ni-Resist alloy prices will likely continue to rise, influenced by higher nickel and copper prices. However, economic uncertainty and supply chain issues could cause price volatility in the long term. Ni-Resist products will probably follow the trends set by nickel prices but may adjust based on global economic conditions.

 

 

 

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00. [Price Reporting] Stainless Steel – Ni Resist 1, Ni Resist 2, Ni Resist 3, Ni Resist 4, Ni Resist 5