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Examine the ever-changing commodity market with an emphasis on commodities price of steel prices and commodities future prices. Keep up with the most recent predictions, market trends, and insights into the dynamic world of commodity prices. Regardless of your level of experience as an investor or your level of curiosity, our in-depth coverage will keep you informed about the variables driving steel prices and the future trends of different commodities. Explore the complexities of futures and commodity pricing to make knowledgeable choices in the current global markets with CostMasters.
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Latest Stainless Steel Price Trends Reasons of decrease in Prices Latest Price Movement in SS 316 Plate 2mm Inventory Levels Inching Up Across India, mills inventory levels have gone up in June’23. While consumption was the lowest since April’23. Lower Raw Material Cost The prices of raw materials used to produce stainless steel, such as Iron Ore ( 12.5 %) ,Chromium ( 34%) and Nickel (30 %), have decreased in recent months. Boost in imports from China In recent months, Chinese stainless steel exports to India have increased, which has put downward pressure on prices in the Indian market. Jan 23 to Sep 23 8 % • Future Outlook • In the short term, prices may stabilize around 350-370, but in long-term if demand increases, it could break this price range Subscribe Raw Material Price Tracking Services GK Purba 07696670077 cir@costmasters.in
Latest Stainless Steel Price Trends In 2023, from Jan 23 to Sep 23, major contributors of Stainless steel i.e. Nickel has reduced drastically (30%) and another major contributor Chromium has also reduced by 17% for the same duration. 17% COSTMASTERS 30 % Raw Material Price Tracking Service Subscription starting @ Rs. 70 / Day. Subscribe Now !!!! Get past 3 years YOY analysis Trend Analysis Subscribe Raw Material Price Tracking Services GK Purba 07696670077 cir@costmasters.in
Get To Know Stainless Steel Stainless Steel Washing machines Cutlery Food & drinks equipment Automotive industry In-doors equipment, etc. Austenitic 16%-20% Cr 6% -10 % Ni 70 %of all manufactured stainless steel is Austenitic Ferritic Cr 10.5%-30% carbon level under .20% 19%-22% Cr, 3%-5%Mo 5- 6% Ni Duplex COSTMASTERS Food & beverage industry Automotive industry Structural for critical environments Medical instruments Jewelers etc. = Steel+ Nickel+ Chromium + Other Elements Martensitic 10.5-18% Cr, 0.15% C,0.1% Mg Austenitic grades that contain manganese Agricultural equipment Motor shafts Gas turbine parts, etc. Austenitic SS with carbon, nickel, and molybdenum Ferritic and martensitic alloys form this series of stainless steel Subscribe Raw Material Price Tracking Services GK Purba 07696670077 cir@costmasters.in
Disclaimer While every attempt has been made to ensure that the information contained in this newsletter has been obtained from reliable sources, CostMasters will not be responsible for any errors or omissions, or for the results obtained from the use of this information. Given the data collected from public domains there may be omissions or inaccuracies in information. All information in this site is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information. In no event will CostMasters, its related partners or employees thereof be liable for any decision made or action taken in respect to information published herewith. COSTMASTERS Subscribe Raw Material Price Tracking Services GK Purba 07696670077 cir@costmasters.in
