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21 Jul
14:28

Europe could see 'pronounced' Q3 demand downturn: SSAB

Demand in Europe weakened during the second quarter and there is a risk of a more pronounced downturn than normal in the third quarter, says Swedish steelmaker SSAB. While high-strength steel demand has been good, its customers are showing signs of a more cautious sentiment, Kallanish notes. Compared to Q2, SSAB Special Steels’ shipments in Q3 are assessed to be somewhat lower, due to a somewhat weaker market, as well as the planned maintenance outage at Oxe…
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