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 4.0%, reflecting a decline of USD 2728/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’s Slovakian branch faced shipment declines, alongside reduced capacity utilization, underscoring ongoing financial pressures within the steel sector.

The prices of Hastelloy in Germany decline by 6.0% reflecting a decline of USD 3200/MT, influenced by fluctuating supply and subdued demand. Moreover, construction activity has weakened, as shown by a drop in the Construction sector, signalling reduced orders and slowing activity in the sector. Meanwhile, German steel demand has struggled, particularly impacting industries like construction, machinery, and equipment manufacturing. Furthermore, the German steel market volume has faced a steep reduction, further underscoring the industry’s challenging outlook. Additionally, a resilient steel production sector, with German steelmakers increasing output, supported by a surge in Electric Arc Furnace (EAF) production reflecting increase in supply levels. These combined increase in supply and decrease in demand paint a cautious landscape for Hastelloy in Germany.

The prices of Hastelloy in China decline by 3.0% reflecting a decline of USD 1120/MT, influenced by fluctuating supply and subdued demand. Additionally, seasonal shifts and economic headwinds have contributed to a downturn. Moreover, mirroring broader economic concerns, including pressures from China’s troubled property sector, as shown by New World Development’s significant projected losses.  Moreover, increased supply has been reported, with the China Iron and Steel Association noting a modest rise in crude steel output among large and medium-sized steel mills. However, declining iron ore prices due to cautious mood among traders, dampening the trading atmosphere and pushing some steel mills to take a wait-and-see approach, slowing their procurement. This mix of subdued demand and increased supply leaves the Hastelloy Chinese market in a state of cautiousness.

According to ChemAnalyst, prices of Hastelloy in the US, Germany, and China are projected to rise, potentially influenced by a decrease in supply levels and strong purchasing activity.