GCX Exchange

Notes from the physical metals market

How the exchange matches orders, how a deal is priced and delivered, and what is moving in the market — written for people who trade metal, not for search engines.

What we write about

Ten sections. Each one is where a question actually comes up in a deal or in working with metal, not where a keyword happens to sit.

Articles

  • Duties and anti-dumping on stainless steel

    How the HS code determines the duty on stainless steel, what anti-dumping measures are and how to verify the classification before a trade.

  • Grinding and polishing: how to get a mirror

    Types of stainless steel finishes, abrasive steps and the difference between №4 and a mirror. How to grind and polish without spoiling the surface or introducing corrosion.

  • Why stainless steel rusts and what to do about it

    Stainless steel rusts when the passive film is destroyed: chlorides, stagnation, welding, foreign iron. Causes, what to do and when another grade is needed.

  • Food-grade stainless steel: grades and requirements

    Which stainless steel grades count as food-grade, how 304 and 316 differ, which finishes are needed and why scale is more dangerous than the grade.

  • How to convert metres and m² into tonnes

    Stainless steel weight of 1 m², converting metres of pipe and m² of sheet into tonnes: formulas, tables by thickness and size, reverse conversion of tonnes into a length in metres.

  • Passivation and pickling of stainless steel

    Why stainless steel is passivated, what is used to pickle weld seams, how the result is checked and when surface treatment cannot be avoided.

  • Stainless steel market overview: prices, demand, imports

    A stainless steel market overview without figures and forecasts: which factors move prices, how to read quotations and spot, and how a long-term contract differs from spot purchasing.

  • Processing stainless steel: cutting, bending, welding, polishing

    Which operations are needed when processing stainless steel: cutting, bending, welding, drilling 12Х18Н10Т and surface finishing. What is critical and how to choose a contractor.

  • Stainless steel in construction and architecture

    Which stainless steel grades to use in construction: 304 outdoors, 201 and 430 indoors, the choice of surface finish and the rules for selecting fasteners.

  • Stainless steel in medicine and pharma

    How medical steel differs from stainless steel, which grades are used in medicine and pharma, why electropolishing is needed and what validation confirms.