US STAINLESS STEEL
MARKET ROUNDUP FROM MEPS
Stainless hot rolled plate sales volumes, in
the United States, are steady, according to the latest report by
MEPS. Consumer confidence has been boosted by low oil prices.
Business activity is described as “not great” but is at a higher
level than that in Europe. Consequently, suppliers from across the
Atlantic are making attractive offers, putting downward pressure on
Cold rolled coil sales activity has slowed in recent weeks. Many
buyers have delayed placing orders in anticipation of lower alloy
surcharges in November. This drop-off in demand and imminent
reduction in effective prices prevented full implementation of the
mills’ proposed basis price hike, which was due to take effect at
the beginning of October.
Order activity for stainless steel bar has slowed in October. No
upturn is anticipated before the New Year. With low stock levels at
service centres, buyers are turning to master distributors to secure
material at short notice. Market participants report an increased
number of offers from European mills.
Source: MEPS -
Review - October Issue
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