For the Quarter Ending September 2025
North America
• In the USA, the Hastelloy Price Index rose by 6.13% quarter-over-quarter, reflecting firmer alloy demand.
• The average Hastelloy price for the quarter was approximately USD 55946.67/MT, supported by sustained fabrication demand.
• Hastelloy Spot Price strengthened on reduced mill throughput and stronger aerospace and chemical fabrication orders.
• Hastelloy Price Index reflected constrained domestic supply and improved margins, supporting near term transactional activity.
• Hastelloy Production Cost Trend showed higher nickel and molybdenum feedstock inputs pressuring alloy mill margins modestly.
• Hastelloy Demand Outlook remains positive from energy and chemical sectors, sustaining orderbooks through seasonal maintenance cycles.
• Hastelloy Price Forecast expects measured appreciation given balanced supply tightening and steady downstream fabrication demand.
• Operational restarts and reduced turnarounds improved availability, influencing the Hastelloy Price Index and transactional spot volumes.
Why did the price of Hastelloy change in September 2025 in North America?
• Reduced domestic mill throughput tightened supply as maintenance and delayed feedstock deliveries constrained output volumes.
• Stronger end market demand from energy and chemical sectors increased orderbooks, lifting transactional activity and price support.
• Higher nickel and molybdenum feedstock prices raised production cost pressures, narrowing mill margins and boosting contract pricing.
APAC
• In Japan, the Hastelloy Price Index rose by 2.3041% quarter-over-quarter, reflecting firmer domestic fabrication demand.
• The average Hastelloy price for the quarter was approximately USD 92500/MT, quoted on FOB Osaka transactional basis.
• Hastelloy Spot Price tightened as localized orders increased, supporting upward pressure on the Price Index.
• Hastelloy Demand Outlook remained cautiously positive with steady orders from chemical and power regional sectors.
• Hastelloy Production Cost Trend showed modest increases driven by alloying element and energy cost inflation.
• Hastelloy Price Forecast reflects limited upside unless export demand surges or major plant outages occur.
• Inventory levels tightened at regional distributors, influencing the Hastelloy Price Index through reduced immediate availability.
• Operational status at major Japanese producers remained stable, supporting sustained supply and moderate Price Index gains.
Why did the price of Hastelloy change in September 2025 in APAC?
• Stronger regional fabrication demand increased purchases, tightening supply and lifting local Price Index spot premiums.
• Incremental rises in alloy feedstock and energy costs pushed production costs higher, reducing margin tolerance.
• Logistics constraints and limited export flows from nearby hubs constrained availability, supporting higher spot premiums.
Europe
• In Germany, the Hastelloy Price Index rose by 1.779% quarter-over-quarter, driven by high-grade alloy availability.
• The average Hastelloy price for the quarter was approximately USD 51680/MT, reflecting firm orderbooks regionally.
• Hastelloy Spot Price firmed as order intake supported the Price Index despite muted export inquiries.
• Hastelloy Price Forecast suggests modest upward pressure as sourcing constraints balance with cautious procurement behavior.
• Hastelloy Production Cost Trend reflects higher nickel and molybdenum feedstock prices pressuring margins mill operators.
• Hastelloy Demand Outlook remains supportive from chemical processing and energy sectors, sustaining order visibility mills.
• Inventory destocking softened momentum, yet the Hastelloy Price Index held around multiquarter averages amid flows.
• Major mill maintenance and uptime shifts influenced regional availability and export demand, tightening Hastelloy segments.
Why did the price of Hastelloy change in September 2025 in Europe?
• Domestic mill maintenance reduced available high-grade inventory, tightening local supply and supporting prices during September.
• Procurement from energy and chemical sectors boosted demand versus subdued export inquiries, lifting price momentum.
• Elevated nickel and molybdenum feedstock prices pressured production margins, influencing the Price Index upward modestly.
MEA
• In United Arab Emirates, the Hastelloy Price Index rose by 1.62% quarter-over-quarter, reflecting modest buying.
• The average Hastelloy price for the quarter was approximately USD 52800.33/MT, reflecting realized contract settlements.
• Hastelloy Spot Price showed muted gains as export inquiries cooled and onshore demand remained selective.
• Hastelloy Price Forecast signals limited upside amid steady production, cautious buying, and thin arbitrage opportunities.
• Hastelloy Production Cost Trend ticked higher as energy and alloy feedstock costs edged upward modestly.
• Hastelloy Demand Outlook remains mixed as fabricators restart projects while end users keep inventories conservative.
• Hastelloy Price Index movements reflected warehouse inventory draws and disciplined export allocations limiting price volatility.
• Major regional producers ran near normal rates, supporting supply continuity while keeping significant outages unlikely.
Why did the price of Hastelloy change in September 2025 in MEA?
• Sustained regional buying against steady exports created modest upward pressure despite generally subdued spot inquiry levels.
• Slight alloy feedstock and energy cost increases lifted the Hastelloy Production Cost Trend, compressing margin flexibility.
• Improved port handling and logistics reduced lead times, tightening local availability and supporting price resilience.
For the Quarter Ending March 2025
North America
• The North American Hastelloy Price Index declined sharply during the first quarter of 2025, with Q1 2025 ending at USD 51,940/MT for Hastelloy C-276 DEL Florida—an 8% drop from the previous quarter.
• Why did the price of Hastelloy change in April 2025? In the month of April 2025, prices of the product remained under pressure and decreased slightly, due to demand sluggishness and an oversupplied market.
• The Hastelloy Spot Price was affected by localized fluctuations in the U.S. market, even though no significant seasonal demand uptick was observed.
• Factors behind the bearish trend included consistent production across suppliers and muted downstream demand.
• Broader Hastelloy Demand Outlook remains weak, with minimal catalysts to drive consumption in core industries such as chemical processing and aerospace.
• The Hastelloy Production Cost Trend remained relatively stable, but with weak demand unable to offset operating costs, producers were pressured to reduce prices.
• The Hastelloy Price Forecast for Q2 2025 anticipates slight softness unless there is an unexpected pickup in industrial orders or supply curtailment.
Europe
• The Hastelloy Price Index in Europe showed a 4% increase, ending the quarter at USD 50,110/MT for Hastelloy C-276 Ex Werdohl (Germany), signaling a bullish pricing environment.
• Why did the price of Hastelloy change in April 2025? In April 2025, prices were increased further, fueled by constrained supply chains and higher logistics costs.
• The Hastelloy Spot Price was elevated by disruptions including extended shipping times, port congestion, and equipment shortages.
• Rising compliance expenses, particularly from the EU Emissions Trading System, contributed to an upward Hastelloy Production Cost Trend.
• Germany led regional pricing trends, with plant-level issues and operational inefficiencies exacerbating the price surge.
• The Hastelloy Demand Outlook in Europe remains cautiously positive, underpinned by sustained industrial demand and constrained availability.
• The Hastelloy Price Forecast for Q2 2025 suggests continued price firmness unless logistical conditions improve drastically or demand unexpectedly contracts.
APAC
• The Hastelloy Price Index in APAC decreased 4% quarter-on-quarter, with Q1 2025 ending at USD 34,820/MT for Hastelloy C-276 Ex Shanghai (China), reflecting a bearish market environment.
• Why did the price of Hastelloy change in April 2025? During April 2025, prices were expected to decrease slightly, as weak industrial demand and competitive export pricing from China persist.
• The Hastelloy Spot Price was pulled down by oversupply, weak manufacturing activity, and subdued sentiment in downstream sectors like construction, automotive, and real estate.
• Heightened export competition and regulatory burdens added to the region’s falling Hastelloy Production Cost Trend, as producers cut margins to stay competitive.
• China's soft domestic demand and declining business confidence led to the most significant regional price adjustments.
• The Hastelloy Demand Outlook in APAC remains pessimistic in the short term, with few signs of immediate recovery across industrial segments.
• The Hastelloy Price Forecast for Q2 2025 indicates continued downside risk unless government stimulus or export restrictions change market momentum.hanges, macro-economic uncertainty, and raw material availability across different regions.
For the Quarter Ending December 2024
North America
The North American Hastelloy market experienced a declining pricing environment during Q4 2024, with prices reflecting a 9% decrease compared to the previous quarter. The quarter closed with Hastelloy C-276 DEL Florida in the USA priced at USD 58,440/MT, highlighting the bearish trend that persisted throughout the period.
Several factors contributed to this downward trend, including imbalanced supply and demand dynamics and consistent operational activities across key industry players. Market conditions remained bearish overall, with no significant seasonal pressures influencing pricing. However, in the USA, notable price fluctuations were observed, with localized factors exerting a greater impact on the market compared to other regions. Despite these fluctuations, the broader trend of declining prices mirrored the sentiment of the global Hastelloy market, underscoring its interconnected nature.
This decline was further emphasized by the quarter-on-quarter percentage decrease, which highlighted evolving market conditions and changing industry trends. The bearish pricing environment in Q4 2024 reflects the challenges faced by the North American Hastelloy market, including shifts in supply-demand fluctuation and a lack of significant demand drivers.
Europe
The European Hastelloy market experienced a bearish pricing environment in Q4 2024, driven by multiple adverse factors impacting market dynamics. The quarter concluded with Hastelloy C-276 Ex Werdohl in Germany priced at USD 53,110/MT, reflecting a 2% decline quarter-on-quarter, further underscoring the negative market sentiment. Global economic uncertainties significantly weighed on market outlook, with weak demand from key industrial sectors amplifying the sluggish trend. Efforts by producers to recalibrate supply levels were hampered by an oversupplied market, where supply consistently outpaced demand, leading to imbalanced fundamentals. Germany, as a key regional market, witnessed the most substantial price adjustments during this period. Additionally, broader operational challenges within the German economy added complexity to the market environment, further tempering demand for steel products. Amid ongoing supply-demand imbalances, European market participants remained cautious, closely monitoring macroeconomic developments and their impact on industrial and manufacturing activities. The bearish sentiment is likely to persist unless significant improvements emerge in economic conditions and demand fundamentals within critical sectors such as construction, automotive, and manufacturing.
APAC
In Q4 2024, the APAC Hastelloy market faced a challenging pricing environment, characterized by a 10% decrease in prices quarter-on-quarter, reflecting a bearish sentiment across the region. The quarter ended with Hastelloy C-276 Ex Osaka in Japan priced at USD 54120/MT, highlighting the sustained downward trend. Several factors contributed to this decline. On the supply side, robust production levels, regulatory changes adding operational complexities, and heightened export competition exerted significant pressure on pricing. At the same time, weak demand from key downstream sectors such as construction, automotive, and real estate further exacerbated the imbalance. Sluggish activity in these industries, particularly in the real estate sector, caused a notable decline in Hastelloy consumption across the region. Japan, a major player in the APAC market, experienced the most pronounced price adjustments, driven by declining business confidence among manufacturers and reduced industrial activity. These regional trends were compounded by global economic uncertainties, which weighed heavily on sentiment and demand. Moreover, seasonality and traditional off-season trends, the consistent decline in Hastelloy pricing across the APAC region underscored the correlation between local and global market pressures. Without significant improvements in demand dynamics or substantial adjustments in output, the bearish outlook for Hastelloy is expected to persist in the short term.
For the Quarter Ending September 2024
North America
In Q3 2024, the North America region witnessed a relatively stable pricing environment for Hastelloy. The market remained steady, with prices maintaining a consistent trajectory throughout the quarter. Various factors contributed to this stability, including balanced supply and demand dynamics, resilient market conditions, and consistent operational activities among key industry players. Moreover, seasonal trends did not exert significant pressure on prices, further reinforcing the overall stability in the market.
However, in the USA, notable price changes were observed, with fluctuations impacting the market to a greater extent compared to other regions. Despite these changes, the overall trend remained stable, reflecting the broader market sentiment. Additionally, the correlation in price changes between regions highlighted the interconnected nature of the global Hastelloy market, where developments in one area could impact pricing dynamics in another.
Regarding the percentage change from the same quarter last year, the market saw a notable shift, indicating evolving market conditions and industry trends. The recorded percentage change from the previous quarter in 2024 further emphasized the stable pricing environment, with minimal fluctuations observed.
As the quarter concluded, the latest price for Hastelloy C-276 DEL Florida in the USA stood at USD 68192 /MT, underscoring the consistent and stable pricing landscape that characterized Q3 2024. The quarter ended on a positive note, with market players navigating challenges and opportunities with strategic resilience.
Europe
In Q3 2024, the Europe Region's Hastelloy pricing remained stable, reflecting a balanced market influenced by various factors. The region experienced consistent pricing due to a harmonious interplay of supply and demand dynamics. Factors such as stable raw material costs, steady economic conditions, and balanced global trade contributed to the overall stable pricing environment. Despite challenges in certain sectors, the market-maintained equilibrium.
Germany witnessed notable price changes, with a decrease from the previous quarter in 2024. This fluctuation can be attributed to specific market conditions within the country, such as shifts in supply and demand patterns. However, when comparing the first and second half of the quarter, prices remained consistent, indicating a level pricing trend. Moreover, suppliers are struggling to manage inventory levels amidst uncertainty, with a need for significant adjustments to navigate the current economic downturn.
The latest quarter-ending price for Hastelloy C-276 , Ex Werdoh in Germany stood at USD 53300/MT, reflecting the stable pricing sentiment prevalent in the region during Q3 2024.
APAC
In Q3 2024, the APAC region witnessed a challenging period for Hastelloy pricing as market conditions favored a decreasing trend. Several significant factors influenced market prices, including excess supply, weak demand from key sectors such as construction and automotive, and global economic uncertainties. The supply side was impacted by robust production levels, regulatory changes adding operational complexities, and increased competition in the export market. On the demand side, sluggish activity in the downstream industries, particularly the real estate sector, led to a notable decline in consumption. Additionally, the demand for Hastelloy in Japan is facing challenges, especially due to declining business confidence among manufacturers. Japan experienced the most significant price changes, with a 3% decrease from the previous quarter. The quarter-ending price for Hastelloy C-276 Ex Osaka in Japan stood at USD 84326/MT, reflecting the overall negative pricing environment. Despite seasonality and traditional off-season trends, the correlation in price changes across the region indicated a consistent decrease in market sentiment.
MEA
In Q3 2024, the Hastelloy pricing landscape in the MEA region witnessed a significant decline, with the United Arab Emirates experiencing the most notable price changes. Various factors contributed to this downturn, including subdued demand in key sectors like construction and automotive, cost pressures from the Asian market, and global market dynamics. Additionally, the ongoing challenges in the freight market due to geopolitical tensions and disruptions in trade routes added to the pricing pressures. The quarter recorded a substantial 6.6% decrease from the previous quarter, reflecting the challenging market conditions. Furthermore, the ongoing Red Sea crisis has created disruptions, adding further strain on demand for Hastelloy. Within the UAE, the pricing environment remained negative, with a 2.5% decrease in prices between the first and second half of the quarter. Despite efforts to stimulate demand and address supply chain issues, the market continued to face headwinds. The quarter concluded with the price of Hastelloy C-276 Ex Dubai in the United Arab Emirates standing at USD 44502/MT, underscoring the prevailing downward trend in pricing.
