News / Events / Press release
26
Oct
2015
 
26 October 2015
Nickel Surcharge on the way to price stabilization

The last quarter of the year has started with an encouraging sign for stainless steel market: after months of decrease, the trend of the value is in fact stabilizing and it has slightly risen for 304, from 979 €/ton a 989 €/ton.

This evolution can be mostly explained as a result of nickel's same trend, whose price in recent years has reached historically low levels: after a peak of about 21.000  $/ton in spring 2014, its share at the beginning of 2015 had already fallen 5.000 $/ton, while at present is about 10.500 $/ton.

The fall in prices has long interested the commodity market in general - as the iron ore fell to its lowest in over a decade at 44.59 $/ton in the spot market of China - and the market of energy sources, that occurred following the simultaneous collapse of the value of oil, gas and coal (source: Il Sole 24Ore).

In this context the current nickel surharge stabilization, spotted for some weeks,  is still uncertain in the medium and long term and indeed leaves the possibility of a rebound in prices in the coming months.