Free Search the Asia Pacific Stainless Steel Round Bar Prices
North America
In the North American region, the
pricing trend for Stainless-Steel Round Bar varied over the three months in the
first quarter of 2023. Initially, there was a stagnancy in the pricing trend
for SS Round Bar due to consistent downstream inquiries. However, stocks
available in the spot market increased significantly as stainless-steel
factories increased product distribution. In February, the rates for SS Round
Bar increased by more than 1.2% despite a lack of forward visibility and
persistent recessionary concerns that continue to erode buyer confidence in the
United States. However, the prices for SS Round Bar declined in March due to
fewer spot sales or purchases owing to slow demand amid plentiful inventory
available in the domestic market. Furthermore, weak orders from end-user
industries were observed as they were wary of purchasing it at offered prices
in such a volatile market. Therefore, prices of Stainless Steel Round Bar for
Ex Philadelphia settled at USD 7480/MT on March 31.
Asia- Pacific
In the Asia-Pacific region, the Stainless
Steel Round Bar Prices declined in the first quarter of 2023 due to
high inventory levels and subdued downstream demand. Market participants
reported that both stainless steel and nickel prices fell during this quarter,
which eased cost pressure on finished products. Stainless steel mills resumed
production after the Chinese New Year holiday, but the increased production
resulted in low demand and high inventory. Despite prices falling further in
March, they were still higher than spot transaction prices, and buyers were
waiting for further price drops. Spot transactions were slow, and overseas
demand was weak, making it a difficult quarter for sellers. As a result, the
price of the Stainless Steel Round Bar for Ex Dainan settled at USD 2468/MT on
March 31.
Europe
In the European region,
Stainless-Steel Round Bar showcased a mixed-price trend during the first
quarter of 2023. Initially, the prices increased in Germany as the downstream
inquiries and demand from service centers, and re-rollers were strong. There
was positive momentum, but because so much restocking occurred in December,
market activity was stable in January, especially with the Chinese New Year
approaching. Also, a lack of competitive imports contributed to price
increases. However, the prices approached a downward trend entering February as
a result of declining demand and a lack of clarity over the direction of the
market for stainless steel consumption. The trading in the European SS Round
Bar market remained dull as purchasers had a wait-and-see attitude and avoided
large bookings. Long-product Stainless
steel Prices makers were eager for sales amid high stockpiles,
due to which they decreased the prices of SS Round Bar in the final month of a
quarter. Therefore, prices of Stainless Steel Round Bar for Ex Ruhr settled at
USD 3917/MT on March 31.
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