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Currently, the global stainless steel industry is going through difficult times, as prices of raw materials are increasing on one hand, and at the same time demand has been on a declining trend. Profitability of both manufacturers and traders of pipes and plate products have reduced significantly compared to the past two years. I have been speaking to many traders of pipes, plates and fittings about their business conditions and the most common answer I get is "Current business is even worse than what we experienced in the recession of 2008". It is not just the case with European or US manufacturers of stainless steel products, the effects of declining demand is being even faced by Chinese and Asian manufacturers. Nickel and ferro chrome prices are the driving factor for determining prices of stainless steel products. While, Nickel prices on the London Metal Exchange have been very volatile, ferro chrome prices have been recently increased by 12.5% by miners across economies. On account of an increase in ferro chrome prices, some manufacturers have already announced an increase in prices, while others are planning to increase the prices. Stockholders and buyers of products such as stainless steel sheets, plates, pipes, bars, fittings and flanges have been become highly risk averse and cautious while placing purchase orders with mills, especially in case of Asian stock holders who import these products from Chinese or Indian mills. The global speculation activity in metals has had a major impact on the buying patterns of consumers in Asian economies. Going forward, we expect the market to remain lack luster, with buyers staying on the back seat and purchasing in smaller quantities, to avoid major losses due to fluctuations in prices of Nickel and other raw materials. Although prices in the Indian market have remained stable, but selling big quantities of stainless steel plates, pipes and fittings has become difficult because of the risk averse attitude of traders

Concerns of a slowdown in the Chinese economy led to a selloff in major base metals including copper, aluminium and nickel. Even precious metals such as gold and silver were not spared. The key question is who to trust at times when gold is also on a freefall. This week global financial markets started with another round of selling, as investors turned risk averse following disappointing Chinese economic data. The Chinese Economy grew 7.7% during the first quarter of 2013, compared to the same period last year, missing economists' expectations of 8% growth. Growth also slowed compared to the last quarter of 2012, when it stood at 7.9%, raising expectations of a slowdown in the Chinese economy, which is a bearish signal for the global financial markets, especially base metals. Growth in Chinese industrial production also disappointed, with a reading of year on year growth of 8.9% in March compared to a 9.9% growth recorded in the previous month. Markets were expecting a growth of 10.0 year on year. Traders had expected China to post better results, as consumer spending had improved and Chinese government had also infused liquidity in the domestic financial system to aid growth. We expect the Chinese government to avoid a monetary tightening policy to aid growth in the coming months. Nickel prices were trading at around USD 15,500 / metric ton down around USD350 compared to the closing on Friday. The fall in nickel prices and weak Chinese economic data has come as a surprise to many stainless steel users and stockholders in emerging economies, as they had made material bookings for stainless steel seamless pipes, Stainless Steel Pipe Fittings and stainless steel strips in the last week,. They had anticipated Nickel prices of USD16000 / metric ton as bottom pric

The report is titled as 'Mining Pipes Market: Opportunity Analysis and Future Assessment 2022-2030'. An overview of conceptual frameworks, analytical approaches of the Mining Pipes market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

Odisha government today issued notification for auction of four mines -- three limestone and one having manganese deposits. The notification inviting tender was issued by the Steel and Mines Department for e-auction

Steel producers of Orissa and West Bengal met officials in Bhubaneswar on Wednesday and sought their help to shore up supply of raw material which has been hit by the crackdown on illegal mining in Orissa.

Amid the controversy surrounding the replacement of Tata Sons Chairman Cyrus Mistry, Tata Steel Minerals Canada in cooperation with its parent companies has decided to invest C$125 million as equity and C$50 million as debt with Government of Quebec's investment entities, Resources Quebec (RQ) and investment Quebec (IQ) respectively.

The global "Hydraulic Filter Market: Opportunity Analysis and Future Assessment 2022-2030" issued by Reports and Insights provides authentic and first-hand data, qualitative and quantitative analysis by industry analysts, and inputs from industry experts and stakeholders across the entire chain. The research examines current market trends, macroeconomic factors, regional analysis in-depth, as well as market attractiveness by segment. The global Hydraulic Filter Market in 2022 is estimated for more than US$ 2,128.1 Mn and expected to reach a value of US$ 2,928.6 Mn by 2030 with a significant CAGR of 3.8%. The market research provides SWOT analysis of competitors comprising extraneous environment assessment and PEST study. In addition, the market analysis offers business approaches for handling with COVID-19 impact on the market. The hydraulic filter market is estimated to reach at a value of US$ 2,128.1 Mn by the end of 2022 and expected to reach at a value of US$ 2,928.6 Mn by 2030 with a significant CAGR of 3.8% Request a Sample Copy of this Report @: https://reportsandinsights.com/sample-request/3584 Hydraulic Filter Introduction A hydraulic filter can be understood as an element that serves its utility in hydraulic systems to continually eradicate contaminants in the hydraulic oil. This procedure basically purifies the hydraulic fluid and safeguards the system from harms developed by the particle constituents. It is significant to note that hydraulic fluid is the one of the crucial parts of every hydraulic system. In hydraulics, no system functions unless there is a suitable quantity of hydraulic fluid. Not only that, any changes in fluid properties, fluid level, among others, can harm the complete system. Note that, there are about 1 million particles inflowing the compression system in each moment and can affect hydraulic system components. Therefore, with a view to elevate the hydraulic component lifetime, the necessity to keep up a smooth water

A recently published report titled, "Large Synchronous Motor Market: Opportunity Analysis and Future Assessment 2022-2030" offers a thorough and profound assessment on the market stature along with the top leading facts and figures, definition, overview, expert opinions, SWOT analysis, as well as the recent developments of the market all around the world. The market report also computes the market size, market sales, revenue, price, market share and gross margin and market forecast, growth rate and cost structure. The report estimates the revenue created from the sales and technologies by various application segments. Request a Sample Copy of this Report @: https://reportsandinsights.com/sample-request/9182 Reports & Insights Overview The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort. A research report on the Large Synchronous Motor market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market. Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market. Wish to Know More About the Study? Click here to get a Report Description: https://reportsandinsights.com/report/large-synchronous-motor-market Large Synchronous Motor Market Segmentation The large synchronous motor market is segmented on the basis of mount type, speed, rotor construction, application, end use, and region. By Mount Type Vertical Horizontal By Speed Variable S

According to the new market research report "PDC Drill Bits Market by Type (Matrix Body and Steel Body), Size of PDC Cutter (Less than 9 mm, 9-14 mm, 15-24 mm, and Above 24 mm), Number of Blades (Less than 6, 6-10, and Above 10), and Region (North America, Asia Pacific, and Europe) - Global Forecast to 2023", the PDC drill bits market is estimated to grow at a CAGR of 4.41% from 2018 to 2023, to reach a projected market size of USD 4.54 billion by 2023. This growth can be attributed to the increasing demand for production & exploration activities in the world, leading to an efficient oil & gas drilling.

Wolverhampton is a city and metropolitan borough in the West Midlands, England. In the 2011 census, the local government district had a population of 249,470. The city grew initially as a market town with specialism within the woollen trade. During and after the Industrial Revolution, the city became a major industrial centre, with mining (mostly coal, limestone and iron ore) as well as production of steel, japanning, locks, motorcycles and cars - including the first vehicle to hold the Land speed record at over 200 mph. Today, the major industries within the city are both engineering based (including a large aerospace industry) and within the service sector.