EU stainless crude steel output down five percent in January-July

Monday, 26 October 2015 10:49:07 (GMT+3)   |   Istanbul
       

In the first seven months of the current year, European stainless crude steel production decreased by five percent year on year to 4.4 million metric tons, according to the Stainless Steel Report October 2015 issued by Germany-based service center Damstahl.
 
Meanwhile, demand in the German stainless steel market was stable in September, but due to constantly declining alloy surcharges and raw material prices the downward pressure on margins remains. Despite a wait-and-see mentality of market participants caused by the downward movement of nickel prices and alloy surcharges, the situation in the Dutch stainless steel market is still improving slightly. The Dutch export market shows signs of a positive development, and further growth is expected to come in 2016.
 
According to the Damstahl report, although order books in the Danish stainless steel industry remain thin, demand was stable and new orders were placed at a steady pace. Nevertheless the industry is facing the problem of falling stainless surcharges and raw material prices, causing uncertainty among market participants.
 


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Local Chinese stainless steel prices mostly decrease

28 Mar | Flats and Slab

Ex-China stainless steel prices edge down

26 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Local Chinese stainless steel prices move down slightly

20 Mar | Flats and Slab

Ex-China stainless steel prices move sideways

19 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

Local Chinese stainless steel prices mostly move down slightly

13 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 10, 2024

07 Mar | Flats and Slab

Local Chinese stainless steel prices mostly stable, some slight downticks also

07 Mar | Flats and Slab