EUROPEAN STAINLESS STEEL
PRICES CONTINUE TO TUMBLE
EUROPEAN stainless steel
prices fell, in February, because of weak demand, decreasing alloy
surcharges and high import volumes from Asia.
In February’s edition of the Stainless Steel Review, MEPS reports
that domestic selling figures throughout the region have slipped
across flat and long products. Basis values have remained, largely,
unchanged, but the negative trend in alloy surcharges marked down
Market activity, especially in the energy sector, remained muted, in
February. High import penetration of non-EU material continues to
put downward pressure on local selling prices.
In the US, demand for flat and long products remains sluggish.
However, domestic cold rolled coil prices increased slightly as
local producers cut back capacity. Following a trade case
announcement, in mid-February, imports from China are likely to slow
Falling input costs continue to have a negative effect on stainless
steel prices, in Asia. Japanese and Taiwanese selling values reduced
marginally, in February.
Source: MEPS -
Review - February Issue
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