Commercial update 24.3.2022

Market update for OSTP Group Customers: LME has now traded for three consecutive days (25th, 28th & 29th ) within Daily Trading Limits (+/-15%). This has enable the LME to publish Official Cash Closing Rates for these days. Naturally we cannot be assured that further disruption days will not occur but seemingly and hopefully some […]

Commercial update 18.3.2022

Market update for OSTP Group Customers: Due to breach of the daily price limits set for trading on Friday 18th March the following LME Notices were released. LME Notice: 22/079. Nickel Contracts traded in the Ring traded down to the pre-set daily price limit in the second Ring session (R2). As a result, the Nickel […]

Commercial update 16.3.2022

Market update for OSTP Group Customers: The LME reopened the Nickel Trading market at 08.00 GMT. The uncrossing algorithm established an opening 3 month price of 45,590 $/T  (ie: 5% below the price published in Notice 22/067) Unfortunately virtually immediately due to an IT system error LME decided to suspend trading while the error was […]

Commercial update 14.3.2022

Market update for OSTP Group Customers: The LME “Resumption Date” was not confirmed by 2.00pm GMT today, therefore we understand the suspension of trading in all Contracts in Nickel continues at least until 16th March. OSTP therefore will continue to offer only on a daily basis with all offers valid for 1 day. We regret […]

Commercial update 10.3.2022

Market update for OSTP Group Customers: The anticipated LME “Resumption Date” was not confirmed by 2.00pm GMT today, therefore we understand the suspension of trading in all Contracts in Nickel continues at least until 14th March. It is reported that EUROFER has called on the London Metal Exchange (LME) and the Financial Conduct Authority (FCA) […]

Commercial update 9.3.2022

Market update for OSTP Group Customers: The anticipated LME “Resumption Date” was not confirmed by 2.00pm GMT today, therefore we understand the suspension of trading in all Contracts in Nickel continues at least until 14th March. It is reported that EUROFER has called on the London Metal Exchange (LME) and the Financial Conduct Authority (FCA) […]

Commercial update 8.3.2022

Market update for OSTP Group Customers: LME Halts Nickel Trading After Unprecedented 250% Spike. At open point overnight trading broke the 100,000 $/T level before falling back slightly to 81,000 $/T Clearly markets remain in extreme turmoil and many Raw material / Tube and Butt Weld Fittings manufacturers have already announced a temporary stop to […]

Commercial uppdate 7.3.2022

Market update for OSTP Group Customers: The current tragic events in the Ukraine are leading us into unprecedented times with financial and commodity markets in complete turmoil. Nickel is currently at a 15 year high reaching today at one point 43500 $/T whilst key energy sources (O & G) are also at 14 year record […]

Commercial responsibility changes

Commercial Responsibility changes from 1th of January, 2022 We wish to inform you of changes we are making from the 1st Jan 2021 with regards to specific commercial market responsibilities. New Area Sales Manager appointed for the Danish market We are pleased to inform you that Mr Hannes Nygard has been appointed as Area Sales […]

See you at SSW Maastricht 2022

The SSW Conference and Exhibition in Maastricht has been rescheduled from November 2021 till September 2022. We truly look forward to once again meet our customers and colleagues within the Stainless Steel industry in person and hope to see you at our booth in Maastricht 2022. Then you will learn more about our latest developments,  […]