28
Jun
13:22
European stainless coil market foresees some July restocking
European stainless steel scrap and coil prices are close to bottoming. For scrap, if mills decide to reduce their prices further in July, collection will stop as margins for merchants have zeroed. In the coil department, all mills in Europe plan to idle their facilities for longer than usual this year due to poor sales and overcapacity, sources tell Kallanish.
The European stainless flat steel market continues to be sluggish for sales of both hot rolled coil and i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous