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Update on Stainless Pricing November 2022

Posted on: 16-11-2022

Update on Stainless Pricing November 2022

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.

Update on Stainless Pricing November 2022 link button

Update on Stainless Pricing October 2022
September 2022

Update on Stainless Pricing October 2022

Stainless steel prices have increased for October as we enter the final quarter of 2022. Nickel is back to US$24,000, which has seen increases in alloy surcharges for October of 5%, and there are also expected base price increases.

Update on Stainless Pricing September 2022
September 2022

Update on Stainless Pricing September 2022

Stainless Steel prices have seen a calmer period as we enter the fourth quarter of 2022 as the Nickel price fell to US$22,000, which helped reduce alloy surcharges for August/September.

Update Nickel and Stainless Prices - April 2022
April 2022

Update Nickel and Stainless Prices - April 2022

These are difficult times for all metals due to the Russian invasion of Ukraine and the sanctions imposed. Nickel has remained around the US$32000 range for a number of weeks as inventory levels remain low and volatility high with 5% swings in pricing. This looks likely to remain in the short to medium term as global issues reduce the availability of materials and the added costs of energy.

Nickel Prices Increase - March 2022
March 2022

Nickel Prices Increase - March 2022

Stainless Steel prices have increased further in the last few weeks as the Ukraine war affects the world and its industries.

Stainless Steel Prices Continue to Increase in 2021
October 2021

Stainless Steel Prices Continue to Increase in 2021

Stainless Steel prices have continued to increase in 2021. One of the main drivers of price increases is the rising trade value of Nickel.

The markets have seen an increase in demand and price
March 2021

The markets have seen an increase in demand and price

Prices have increased in the last 4 months, due to a short supply of raw material combined with an increased demand for products.

The team just got bigger!
March 2021

The team just got bigger!

Due to a massive increase in demand during the early months of 2021, we were thrilled to see an increase in turnover based on year on year analysis. To meet our customers' needs and fulfil our deliveries, we are delighted to have increased our team by a further five!

Investment in an information system that keeps us on top form
February 2021

Investment in an information system that keeps us on top form

We are pleased to finally have iMetal installed as a system here at Stainless Band. Instead of us telling you everything we love about the system, which is lots, including speed and accuracy of the information! Let us in true Stainless band style, focus on how it improves things for our customers.

Our relationship with our EU customers is as strong as ever
January 2021

Our relationship with our EU customers is as strong as ever

All businesses know that the choices any government deliver may not be the choice we would make as individuals and businesses.

From Strength to Strength in Stainless Steel Coil Products
July 2020

From Strength to Strength in Stainless Steel Coil Products

Over the last 11 years, Stainless Band has gone from strength to strength. Its investment in processing capabilities has never stood still and this combined with its exceptional customer service, has established it as the go-to name in the processing of stainless coil products available in various forms, finishes and dressings.

Continually investing in the future
October 2019

Continually investing in the future

This September saw the commission of our new wide slitting line. We are already impressed with how this line has made our production more efficient while offering customers more product choice.

Read our 10 year story here
August 2019

Read our 10 year story here

2019 is the 10th anniversary of Stainless Band. Looking back over the years, Stainless Band has transformed itself from a relatively small supplier of stainless steel banding selling into the UK and Europe, to a global supplier with a wide range of sizes, grades and finishes. We asked Jonathan Hanson Stainless Band MD the secret to Stainless Bands success.

REDUCED PRICE on Forklift Truck For Sale
June 2019

REDUCED PRICE on Forklift Truck For Sale

Product group: Diesel trucks

Brand / model: Linde H50D-02

Year of manufacture: 2013

Helping customers plan for brexit
November 2018

Helping customers plan for brexit

Stainless Band is a leader in stainless coil processing throughout the world and is looking forward to the challenges and opportunities that that Brexit may bring, however, early preparation is key to ensure that businesses are ready to deal with any supply chain problems that could occur.

Christmas holidays 2018
October 2018

Christmas holidays 2018

Stainless Band is closed from the 21st December 2018 to the 2nd January 2019 for the annual Christmas and New Year holidays.

A great working partnership
April 2018

A great working partnership

Stainless Band is a UK manufacturing company of stainless coil, strip, sheet and blanks. The company has come a long way since it began trading in 2009 and now has a production facility consisting of 20 processing lines, which can deliver a wide range of products with bespoke customer specifications, a multi-lingual sales team to serve its worldwide customer base and in-house material testing lab to ensure quality.

On the roll
April 2018

On the roll

Stainless Band, Bradford based manufacturer of coil processed products, has grown rapidly in its 9 years since inception to become a key supplier of stainless coil to a variety of engineering companies worldwide.

It's Greg Syroka's Big 40th Birthday!
March 2018

It's Greg Syroka's Big 40th Birthday!

As the Production Manager for Stainless Band, Greg has played an integral role in the company's continued growth. When Jonathan Hanson opened the doors of Stainless Band in 2009, he recognised that above all else, recruiting the right people would determine the success of his company and Greg Syroka has proven himself to be just that.

Trump grants temporary exemptions to metal tariffs
March 2018

Trump grants temporary exemptions to metal tariffs

At the beginning of March in a move that caused a great deal of concern for the global metals trade, Donald Trump announced that he would be imposing steep tariffs on all steel and aluminium being sold to the U.S.

Why an SME is just the right size for supplying your stainless coil
March 2018

Why an SME is just the right size for supplying your stainless coil

When it comes to choosing a supplier for stainless coil, there are a lot of factors to consider, but perhaps the most important is the size of the company and how that size affects the level of service provided.

The Talk Of Germany
March 2018

The Talk Of Germany

We have a great article published in Stahl Markt this month. Check it out here.

Win a Stainless Band Flask!
March 2018

Win a Stainless Band Flask!

Win a reusable Stainless Band coffee cup and help us reduce landfill waste!

A staggering 2.5 billion coffee cups are thrown away each year, equating to 30,000 tonnes – and that’s just in the UK!

Get to know Nick Barton
February 2018

Get to know Nick Barton

Nick Barton, Production Supervisor at Stainless Band, has been working in stainless steel and
aluminium manufacturing for 42 years. Currently employed as the Production Supervisor at
Stainless Band, he plays a significant role in the growth and success of the company.

How Stainless Band serves the fastener and fixings industry
January 2018

How Stainless Band serves the fastener and fixings industry

As a supplier to manufacturing companies for the production of various fasteners and fixings, Stainless Band is in a period of rapid growth. In order to maintain customer satisfaction throughout this growth, the UK based company is taking significant steps to ensure that the service it provides will not only continue at a high standard, but will improve.

Raw materials
January 2018

Raw materials

Stainless Band understands stainless steel and is very selective in choosing the right grades for its customers. To many people not involved in the industry, one stainless steel is much like another, but understanding the eventual use guarantees the right result.

Investing in the Environment
December 2017

Investing in the Environment

Supplying to manufacturing companies worldwide, in 2017 Stainless Band has invested more than £37,000 to further reduce the carbon footprint of its operations. Continued environmental practices implemented by Stainless Band are attained through a combination of energy-saving upgrades, efficient production practices and recycling of its scrap material.

A focus on quality
December 2017

A focus on quality

Based in the North of England, Stainless Band is a worldwide supplier of stainless strapping, banding, coil, strip, blanks and sheet in grades 1.4301, 1.4404 and 1.4016. The company supplied over 4,500 tonnes of slit coil last year to various manufacturers around the world.

Stainless Band in manufacturing
December 2017

Stainless Band in manufacturing

Supplying to manufacturing companies worldwide, Stainless Band is a UK-based producer of stainless steel coil, strip, blanks and sheet in grades 1.4301, 1.4404 and 1.4016. The company supplied over 4,500 tonnes of slit coil last year to various manufacturers from around the world, which are impressive numbers considering the amount of testing each product undergoes within it’s facility.

Stainless Band and the construction industry
November 2017

Stainless Band and the construction industry

As a major supplier of stainless steel strip, coil, blanks and strapping, the diversity in its processing capabilities has enabled Stainless Band to establish its self as a leading supplier in the construction industry.

AAF December Prices 2017
November 2017

AAF December Prices 2017

In short prices are strong at the end of  2017 with increased demand.

304/1.4301 up EURO 100/tonne
316L/1.4404 up EURO 135/tonne

A huge thanks to our customers for helping Martin House Hospice.
November 2017

A huge thanks to our customers for helping Martin House Hospice.

We would like to say a huge thank you to all of our customers, and to let you know that although we thought about buying you all a great Christmas gift, we decided not to!

AAF and Nickel November 2017 Prices
November 2017

AAF and Nickel November 2017 Prices

The price of stainless steel is made of of two components, the base price and the Alloy Adjustment Factor (AAF). 

The base price is based on the manufacturers cost for producing the material to a certain specification.

Stainless Band: economic, safe, and quality assured
November 2017

Stainless Band: economic, safe, and quality assured

When buying stainless steel strip and coil, there are many aspects that have to be taken into consideration. Quality is, of course, of paramount importance. But the product also has to be safe. And herein often lies the stumbling block. Quality and safety cost money.

Stainless grade 304: the workhorse of the stainless steel industry
October 2017

Stainless grade 304: the workhorse of the stainless steel industry

It doesn’t matter what you call it – 304, 1.4301, 18/8 or even V2A – most people in the business will know what you mean. There are two (or perhaps three) obvious reasons for this.

Stainless steel – a material of unparalleled versatility
September 2017

Stainless steel – a material of unparalleled versatility

Everyone knows that stainless steel is highly corrosion resistant in a wide range of environments - as long as the correct grade is selected. Similarly, it offers a wide range of mechanical and physical properties. The correct grade will provide the necessary ductility, toughness, strength, hardness, etc, which is required for the particular application.

More to stainless steel than meets the eye
August 2017

More to stainless steel than meets the eye

If stainless steel is mentioned in the context of building and construction, invariably it is the “iconic” Chrysler Building in New York that will come up sooner or later. And perhaps with good reason. The roof panels on the building have been around since 1930; they have only been cleaned three times since then, and even today show only limited signs of corrosion.

Stainless Band: continuing to invest in the future
August 2017

Stainless Band: continuing to invest in the future

Despite the economic uncertainty and uncharted waters ahead, the mood at the UK’s Stainless Band, whose production is based in Bingley near Bradford in West Yorkshire, remains extremely positive. With a very international outlook, a serious commitment to its employees, and a willingness to continue to invest in the future, the company seems to have hit upon a recipe for continued success. With a sales office based in Rugeley in the West Midlands headed up by Roy Mason who has 30 years of experience in the industry, the company is ideally located for the main markets in the UK for stainless steel manufacturing.

Using stainless steel in the chemical and petrochemical industries
July 2017

Using stainless steel in the chemical and petrochemical industries

It’s no surprise that stainless steel has been welcomed across the chemical and petrochemical industries. Its ability to withstand attack from highly corrosive substances, as well as its impressive mechanical characteristics, are key factors that continue to result in high levels of demand. As industrial processes evolve and change and new challenges present themselves, exciting new applications for stainless steel are being explored in order to make the most of the key benefits offered by this material.

Proud to be a British exporting success story
July 2017

Proud to be a British exporting success story

Since the UK voted to leave the EU, the doom- and gloom-mongers have been in their element. Exports will collapse, the manufacturing sector will go into decline, jobs will be lost… But step beyond the headlines and the rhetoric and the reality for producers up and down the UK is entirely different.

Stainless Band has invested in new racking
March 2017

Stainless Band has invested in new racking

Following a recent expansion to its facility, Stainless Band has invested £45,000 in a new highstrength
racking system for its goods inwards and goods outwards bays, these consist of both
metal base racking and timber deck racking to maximise efficiency, productivity and use of
space.

New Polishing Line
October 2016

New Polishing Line

This month, we are proud to announce we have completed the installation of a brand new polishing line! What this means is increased capabilities and superior finishing results.

Happy New Year
January 2015

Happy New Year

It has been a very busy 12 months for Stainless Band Ltd.

With the move to the new 14,000 sq ft premises in February, three new slitting lines and an Oscillating Winding machine we have increased production capacity by 30%!

New premises to accommodate business growth
May 2014

New premises to accommodate business growth

It has been an interesting five years for Stainless Band, one of the UK’s leading suppliers of stainless steel coil and blanks. The global recession seems to have done it’s worst and hopefully we are all on the up again.

Stainless Band certainly is!

Going Green and saving money
October 2013

Going Green and saving money

Stainless Band goes Green & saves money
 
Historically, the forklift trucks at Stainless Band have been powered by propane gas at a cost of £16,000 per annum, but that is about to change.

Expansion plans at Stainless Band
October 2013

Expansion plans at Stainless Band

The expanding story
 
Due to the growing success of Stainless Band, finding new premises became essential to supply the ever-increasing client base. To accommodate this,  Stainless Band have bought new premises in nearby Bingley and will be moving at the end of 2013.

Great News
August 2013

Great News

Over the last quarter Stainless Band has witnessed such a vast improvement in UK manufacturing, that the increase of orders has resulted in having to increase staff - meaning that more space is needed!

Congratulations Stainless Band!
August 2013

Congratulations Stainless Band!

After 6 months hard work, Stainless Band are proud to say they achieved the high standard needed to get the ISO 14001 accreditation, as well as reducing the environmental impact, measures to achieve this accreditation has produced other amazing results for Stainless Band saving them around £15000 per annum.

Improving Capabilities
March 2013

Improving Capabilities

As client demands continually increase Stainless Band has made the commitment to a program of continued investment to its Bradford Service Centre. Now, its ability to provide in-house services, has lead to increased productivity, shorter lead times and a more competitive pricing structure.

Contact our friendly, knowledgeable team