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For the Quarter Ending September 2023 North America: In Q3,  stainless steel round bar prices  in North America initially surged, primarily attributed to increased nickel costs and heightened activity in the automotive and construction sectors. In response to inflation, US factories raised their base prices. The automotive industry reaped benefits from Tesla's success and electric vehicle tax cuts, while construction projects fueled additional demand. However, a combination of heightened demand and reduced production led to low inventories. The US spot market witnessed a price decline due to diminished demand stemming from market uncertainties and economic factors, including restricted oil and gas availability due to Russian sanctions, OPEC export limitations, the UAW strike, and the US Federal Reserve's decision to maintain interest rates. On the supply side, nickel feedstock experienced a modest increase, partly due to higher extraction rates from overseas mining nations, li...

For the Quarter Ending June 2023 North America In the second quarter of 2023, the price of  stainless steel round bars  in North America experienced some fluctuations. Initially, there was a rise in April due to the increase in the price of raw material nickel on the global market. This supported the production cost of stainless steel round bars. The consumer price index was higher at the beginning of the quarter, indicating good purchasing activity and a positive start to the quarter. The demand for stainless steel round bars remained strong, particularly in the service sector. As a result, services were offered at higher bid prices. However, in the second half of the second quarter, prices slightly decreased. This was mainly attributed to the debt crisis and rising inflation, which led to a pessimistic market situation. The stable economic structure of the United States was affected, causing a decline in consumer purchasing power and a decrease in demand for stainless s...