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Amstek Metal E-Newsletter
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April 2016
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Amstek Metal is pleased to send you our April Newsletter.
- Market Updates PMA Business Conditions, Stainless Strip Update!
- Stainless Surcharges - April!
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Market Updates
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According to PMA's March 2016 Business Conditions Report, metalformers anticipate a minor downward trend in economic activity during the next three months as well as little change in incoming orders. However, current average daily shipping levels improved in March. "While expectations in the trend of general economic activity reported by members dipped slightly this month, expectations for average daily shipping levels rose substantially, compared to the levels in the third and fourth quarters of 2015," said PMA President Bill Gaskin.(Click link above for full report)
Stainless Strip Update - The U.S. International Trade Commission made a unanimous preliminary determination on March 25 that unfairly-traded imports of stainless steel sheet and strip are causing injury to U.S. stainless producers. The Antidumping and Countervailing Duty Petition against imports from China was filed by AK, ATI, NAS and Outokumpu (Domestic stainless strip producers) They site, "Surging imports of unfairly low-priced stainless steel sheet and strip from China have devastated pricing in the U.S market and caused severe injury to the domestic industry"
Domestic stainless strip supply continues to tighten with the antidumping actions in place. On March 1, 2016 all four domestic stainless strip mill producers (AK, ATI, NAS and Outokumpu) announced a second base price increase on all stainless steel products effective with shipments on March 1, 2016. The increase will be achieved by 2% reduction in the functional discount.
Lead-Times from the domestic stainless strip mills are now 8-10 weeks on many grades and gauges ranges. Precision strip from several re-rollers are now at 14 weeks. Stainless wire lead-times are currently short and supply is generally good. Lead-Times from offshore suppliers of all products are running 14-16 weeks.
Amstek Metal closely monitors material pricing and availability developments in the stainless and high carbon markets. Any significant changes in market conditions will be communicated in a future newsletter or through your local sales representative.
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Surcharges - April 2016
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LME Nickel: The average used to calculate April stainless strip surcharges was at $3.95/lb. in March or $0.17lb. higher than the average used for the March Surcharge. Nickel is trading around $3.80in early April.
Surcharges: Stainless strip surcharges in April are up slightly, while stainless wire surcharges went down a little.
April 2016 Stainless Surcharge information as well as previous months' data is available by clicking Surcharges.
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Amstek Metal Line Card!
Click on the links below for an overview of all of our products and processing capabilities can provide for you.
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2408 W. McDonough 110 Dolphin Rd.
Joliet, IL 60436 Bristol, CT 06010
Ph: 800.551.9473 Ph: 800.359.2930
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Oscillate Winding & Edging
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