Stainless steel ingot price October 2024 and outlook (see chart below)
- Europe:US$4.6/KG, 0.4% up
Stainless steel ingot price index
This post is a summary of the Stainless steel ingot price developments. The price developments of Stainless steel ingot are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Stainless steel ingot price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Stainless steel ingot prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Stainless steel ingot prices
- Recent price developments of underlying feedstocks which drive the price of Stainless steel ingot
- Market futures for both cost drives and feedstocks of Stainless steel ingot prices
- Adjustment of current supply/demand imbalances in the Stainless steel ingot market
- Longer term trends in likely demand conditions
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