Article -> Article Details
| Title | Latest Hastelloy Price, Forecast and Historical Data |
|---|---|
| Category | Business --> Materials |
| Meta Keywords | Hastelloy Price |
| Owner | stephenthomas |
| Description | |
| APAC Hastelloy Prices Movement Last Quarter: Hastelloy Prices in Japan: In the last quarter of 2024, Hastelloy prices in Japan saw a decline, reaching 65,174 USD/MT. This drop was primarily driven by weak demand from key industries such as automotive and chemicals. Despite growth in the automotive sector, fueled by the increasing demand for hybrid and electric vehicles, it was not enough to offset the rising supply of Hastelloy. Japanese steelmakers expanded their production capacity, leading to a surplus in the market. According to hastelloy price historical data, regional competition intensified, putting downward pressure on prices throughout the quarter and reflecting the challenges of balancing supply and demand. North America Hastelloy Prices Movement Last Quarter: Hastelloy Prices in the United States: In the last quarter of 2024, Hastelloy prices in the U.S. experienced significant fluctuations, primarily influenced by varying demand, supply challenges, and economic conditions. Prices initially rose in October due to strong demand from the automotive and chemical industries, coupled with supply constraints in steel scraps and nickel feedstock. Economic indicators, including a robust ISM industrial index and higher bond yields, reflected favorable conditions for the metal. According to hastelloy price forecast data, however, by November, prices began to decline as production ramped up and demand from key industries softened. The downward trend continued in December, fueled by high inventory levels, weakening demand, and cheaper imports from China. Additionally, adverse weather conditions and policy uncertainties further dampened the market, contributing to the overall price volatility.
European Hastelloy Prices Movement Last Quarter: Hastelloy Prices in Germany: In the last quarter of 2024, Hastelloy prices in Germany saw an increase, reaching 96,620 USD/MT. This surge was driven by higher demand from key sectors, particularly the chemical and automotive industries, which rely heavily on Hastelloy for its corrosion resistance and high-performance capabilities. Additionally, supply challenges played a significant role, as limited availability of raw materials, such as nickel pig iron and steel scrap, put upward pressure on prices. The EU Carbon Border Tax further exacerbated the situation by restricting the export of ferrous scrap, leading to supply shortages. These factors combined to create a tighter market, contributing to the rise in Hastelloy prices in Germany during the quarter. MEA Hastelloy Prices Movement Last Quarter: Hastelloy Prices in UAE: In the last quarter of 2024, Hastelloy prices in the UAE experienced a decrease, reaching 51,120 USD/MT. This decline was primarily driven by lower import costs and a reduction in domestic demand. The UAE market was further impacted by an extended export ban on stainless steel and steel scrap, which hindered the local production capacity. Despite the region’s relatively smaller contribution to global Hastelloy tonnage compared to the EU, these factors played a significant role in creating downward pressure on prices. The combination of reduced demand and constrained raw material availability led to a more subdued pricing environment for Hastelloy in the UAE during this period.
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