26
Oct
16:02
EU stainless market to remain under pressure: Eramet
The surplus in nickel production compared to demand is forecast to continue for the remainder of 2023, says French miner Eramet in its third-quarter earnings report monitored by Kallanish.
In Q4, demand for nickel is forecast to continue to increase thanks to the recovery in the electric vehicles batteries sector in China. However, a sluggish stainless steel market in Europe is expected. The nickel used in stainless steel is a different grade from battery nickel.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous