Pipe Fittings are our regular scope and supplied to the projects and industrial consumers from our co-operated units and warehouse. The move is a part of the pany&stainless steel seamless pipe39;s plan to cut capacities in Europe and streamline the value chain, and to save upto 5 million.. With China accounting for 40% of the global demand # for nickel, it is likely to remain the key driver for prices. On the demand front, during the first quarter of 2013, global stainless steel demand fell by 1. Owing to weak demand conditions and volatility in raw material prices, Outokumpu, one of the biggest stainless steel flat product manufacturer announced that it would cut 2,500 jobs globally between 2013 and 2017. It is a well known fact that Chinese panies are the Cheapest manufacturers of Stainless Steel in the world, although the quality may not be upto the standards of US and European manufacturers. Labdhi Engineering is a manufacturer of buttweld fittings (Seamless or Welded): Reducers - Concentric or Eccentric, Tees - Equal or Reducing, Stubends, Elbows - LR or SR, 90º or 45º, Return Bends 180º, Caps { ASME/ANSI SB16.

The stainless steel sector still remains the volume gain for stock holders, with mills willing to offer significant discounts for big purchases. We believe that the recovery in LME nickel prices is likely to remain constrained owing to the growing production of NPI in China. LME Nickel prices have fallen around from ,500 per metric ton to 230 per metric ton, an over 13% decline, following a 6% decline in 2012 - which made it the worst performing metal last year. Some of the key factors which have led to fall in nickel prices include increasing supply in the market and increasing availability of low t nickel pig iron (NPI) in China, a substitute for pure nickel.

China has been gradually increasing the production of NPI in its country, with average production ts of USD 15, 000 per metric ton to USD 15, 800 per metric ton. Looking forward at the second quarter of 2013, Outokumpu expects slightly lower delivery volumes on a sequential basis, weaker product mix and continuing uncertainties from the nickel price volatility.2% pared to the same quarter last year. We also stock high strength and high hardness abrasion resistant Hardox 400 plates of Hardness 400HB, 500HB, 600HB.

With better technologies ing into play for production of lot pig iron, we could see China dominate the global market for stainless steel products. Outokumpu reported a larger than expected loss, on account of weaker than expected market environment.9 or other requested specifications}. This has resulted in increased pressure on the prices of LME traded pure Nickel. However, stockholders are playing in smaller volumes due to the uncertain environment prevailing in the global market. However, the quality is suitable for users in Asian economies. Increasing number of EPC panies in India now rely on us for the supply of production quantities required to acplish various turnkey projects, small or large-scale. Labdhi Engineering & Co. Nickel is one of the key alloying elements in manufacturing stainless steel