MEPS forecasts global stainless-steel output will rise 4.7% in 2019, weaker than the 2018 estimate that output was up 7.6% Y/Y at 51.75 million tons. Yet, if these estimates hold, it would still remain a record year for global output.

US stainless-steel output likely increased by 50,000 tons to 2.85 million tons in 2018.  MEPS expects output growth to trend moderately upward at 2% in 2019.

Global consumption rates are expected to absorb this additional output, keeping prices stabilized in 2019 based on current global manufacturing and economic growth forecasts.

Input prices into stainless PFF are mixed. Current nickel prices are $5.58/lb., 11.6% higher than mid-January’s $5.00/lb. levels but moderately weaker than the 2018 high which was set in June of $7.00/lb. Battery demand worldwide will accelerate throughout 2019 and across the next decade; second-generation lithium-ion batteries will increase global nickel demand.  


The American Supply Association (ASA) and its Industrial Piping Division (IPD) is the national organization serving wholesaler-distributors and their suppliers in the industrial and mechanical pipe-valve-fitting industry.  As a powerful alliance of channel partners, we provide a forum for your upstream trading partners to exchange critical information and address key issues.

In particular, ASA’s IPD members constantly check the pulse of the materials and commodities they proudly supply to you.  ASA’s IPD members are knowledgeable industry leaders, and those who volunteer their service on the IPD Executive Council compile and prepare the IPD Commodity Reports.  The Reports contain some of the most current and qualified market data and information available from the industry’s leading manufacturers and distributors about emerging trends and other price-influencing actions and events.

This information is an example of how ASA’s IPD manufacturer and distributor members are constantly looking ahead to ensure you have information and resources you need to be successful.  Learn more at