18
May
12:33
European stainless market reaches deadlock
The wind has changed in the European stainless flat steel market as prices are declining due to extremely sluggish demand, Kallanish hears from market sources.
Uncertainty is dominating buyers’ mood. Service centres and end-users across Europe have stopped purchasing due to the unsustainable price levels for hot and particularly cold rolled coil. The imminent coil price decline is seen by multiple players as a needed downward adjustment.
European mills are …
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Anonymous
Very good overview of the weekly steel market.
Anonymous