01
Nov
11:45
Demand deflates for European stainless flats and tubes
Stainless tubes are losing €20-30/tonne ($23.2-34.9/t) compared to the beginning of October. This is due to poor demand and end-users’ slow and cautious purchases.
The European stainless steel market is again slowing after a good September. “In the second half of October demand has significantly deflated,” a re-roller and coil buyer tells Kallanish. The market is considered “…strange and nervous,” he adds.
The rapid f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous