February 2022 Nickel & Surcharge Update

February 2022 Update

Thanks for reading the Ram Alloys Monthly Nickel and 316L s/c update, intended to help our valued customers make educated business decisions.

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Current Take

January's story is LEAD TIMES, some mills are pushing into...2023 DELIVERIES. We are not sharing to scare, only to inform. Hopefully, more capacity comes on line, and this problem eases, but that's the current reality.

PRICING: in January, we received our EIGHTH base price INCREASE in the last 12 months. Heck, even the Chinese mills are raising prices (see article below). Add in the rising surcharges (see table below) and the pricing situation mirrors the lead time frustrations.

Story to watch in 2022 (update): 2021 Energy and Aerospace demand for stainless steel and nickel alloys, while up from 2020, is nowhere near historical levels. Either sector can substantially disrupt an already discombobulated supply chain with traditional consumption.

All indications show demand in both sectors will be higher in 2022. That's certainly good news for business activity, but the counter is: pricing and lead times will certainly be impacted.

Yearly/Monthly 316L s/c and Ni Charts

316L vs Nickel 22

Ni Price v. Ni Stock Comparison

NE NI Feb 2022 Prices

USD Index v. Nickel Prices

NE NI Stock Comparison

Industry News

Click the links to read each article:

EU Quota Info

EU Quota System Highlights:

Quotas by EU country, not mill, and by HTS Code, not grade
Link: Unofficial steel country quotas
Quarterly volumes based on a first come/first served bases
Link: US Customs and Border Protection Quota Bulletins
Link: US Customs and Border Protection Quota Utilizations found in its Commodity Status Reports
Imported volumes > quota assessed a 25% tariff
Exclusions apply, but adjustments under consideration
Chaos and confusion are a certainty, clarity sometime late Q1/early Q2

Ram Alloys is a niche service center supplying a complete inventory of stainless steel, nickel products, pump shaft quality bars, and boat shaft quality bars in a full range of standard grades. Value-added services include comprehensive and customized processing options, prompt shipping, same-day order turnaround, and 24/7 availability. We're here to ensure that your procurement needs are met quickly and accurately, minimizing schedule impacts and return material authorizations. Request a quote today!

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