The markets are calming down. Asian weakness, especially China with its lockdowns, is creating a supply overhang in stainless steel. Although the nickel price remains volatile, at USD 26,000 it is at a significantly lower level than in the two previous months. High energy costs and further increases in personnel and operating costs throughout the value chain are limiting the scope for price reductions. The still relatively high price level will continue to dampen demand over the summer, after which customers will become accustomed to a new price level. However, inflation remains the issue.
In titanium, on the other hand, the procurement situation is difficult. Alternatives to the Russian market leaders are being sought. For a long time, Europe, unlike the USA or China, has neglected this strategically important material (aerospace/military). There is no European capacity to close the gap in the medium term. The Americans are looking out for themselves, so the Europeans are left with the Chinese above all.
There will be plenty to talk about at the upcoming trade shows. Why not visit us at the Farnborough Airshow (July 18 to 22 at the UK Pavilion, Hall 1, 1320 Pod24). Above all, we also want to exchange ideas on innovative topics. Apart from the use of new materials and future technologies with a need for high-performance materials, we are interested in the circular economy with metals. We will be happy to present our contributions on these topics.