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10 Jul
10:51

European stainless overcapacity hampers sales

The European tube and flat stainless steel market is struggling with low prices despite orders from distributors having picked up slightly in recent days, service centres and re-rollers tell Kallanish. The market for stainless flat and tube products is still feeling the consequences of the global health crisis and weak demand from end-use sectors. With stocks very high in most European countries, destocking and uncertainty are still hampering sales. Some Europea…
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