Stainless Band Features in Stainless Steel Focus!

News / Stainless Band Features in Stainless Steel Focus!

Stainless Band is proud to feature and support the latest issue of Stainless Steel Focus.

"Stainless Band is a leader in processing stainless coil products in various forms, finishes, grades and dressings. With a turnover nearing £10m and over 35 employees, it is robust in a competitive sector. It has a global customer base that provides recognition and acceptance worldwide. Managing director Jonathan Hanson and his team certainly have something to smile about. The volatility in stainless steel prices throughout 2023, marked by consistent increases, has been a notable trend in the industry. The anticipation of this trend persisting for some time, with a steady recovery projected for 2024, suggests a continuation of price fluctuations within the stainless steel market."

"Stainless Steel prices have continued to increase for November as we draw towards the end of a very turbulent year. Nickel is back to US$29,600 at the time of writing and we have seen increases in alloy surcharges this month. The expectation for December is that we will see a more considerable increase in prices on AAF and energy costs."

"Up to 4% growth
The projection by the Bureau of International Recycling (BIR) indicating an expected growth of up to 4% in the stainless steel industry for 2024 is promising. This growth forecast hints at positive prospects and an upward trajectory for the industry, potentially driven by various factors such as increasing demand, global economic conditions, and market dynamics."

Read the complete article >

Posted on: 26-04-2024

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