28
Jul
10:44
European stainless flats demand resumes, prices to increase
European stainless steel coil prices have reached rock bottom and will increase in new contracts, sources tell Kallanish. Mills in Europe are pushing prices up by some €50/tonne ($54) for hot and cold rolled coil for September delivery and plan a second step of increases for October delivery.
All steelmakers plan to idle their facilities for longer than usual this year due to poor sales and overcapacity. Because of the stoppages, deliveries of agreed contract…
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Anonymous
Very good overview of the weekly steel market.
Anonymous