Spot price of battery grade nickel sulfate on April 3, 2020

Indian stainless bright bar export prices held broadly steady in the week ended 6 October, with 304 flat and 316 slightly higher, though trading stayed thin. European buyers remain cautious over CBAM costs, and with India's EU quotas for stainless bars and seamless tubes already exceeded early in Q4, shipments face delays or the 50% out-of-quota tariff. Domestic prices eased slightly, while tight scrap supply continues to support offers.

Chien Shing Stainless Steel, a cold-rolling mill in Taiwan (PoC), reported lower September revenue month-on-month, although nine-month revenue more than doubled year-on-year on higher nickel-driven prices and a low base. With 304 list prices up for three straight months, the monthly decline suggests shipments may be softening as buyers test the new levels. October revenue will show whether the increases are sticking.

ESAB published its Q4 2026 US combined alloy-and-tariff surcharges for welding filler metals. The surcharge for 316/316L stainless solid wire fell from $7.08/lb ($15.57/kg) in Q3 to $6.26/lb ($13.77/kg), while 317/317L declined to $6.72/lb. Duplex 2209 and super-duplex 2509/2594/2507 eased to $8.71/lb and $9.02/lb. ERNiCrMo-3 nickel-alloy solid wire fell from $15.53/lb to $13.28/lb. SMM analysis: Mo-bearing welding-consumable surcharges broadly declined QoQ, but the combined charges also reflect nickel, chromium and tariff costs and are not molybdenum spot prices.