In the global Hastelloy market, October saw prices dipping across major regions, reflecting a cautious economic landscape. Moreover, in the USA and Germany, Hastelloy prices declined due to an increase in supply coupled with a reduction in demand dynamics. Meanwhile in China, Hastelloy prices decreased as seasonal factors and broader economic challenges resulting in softening in demand.
The prices of Hastelloy in USA decline by x.xx, reflecting a decline of USD xxxx/MT, influenced by market fluctuation. Additionally, the USA Hastelloy market saw a notable rise in supply, primarily fuelled by steady seaborne iron ore prices and increased imports, fostering a competitive environment. Moreover, the recent administrative review by the U.S. Department of Commerce also confirmed small countervailable subsidies, which has influenced supply strategies and pricing dynamics. Additionally, U.S. Steel鈥檚 Slovakian branch faced shipment declines, alongside reduced capacity utilization, underscoring ongoing financial pressures within the steel sector.
