Weak demand, decreasing alloy surcharges and high import volumes from Asia have all led to falling prices for European stainless steel.
Domestic selling figures throughout the region have slipped across flat and long products and basis values have remained largely unchanged. A negative trend in alloy surcharges, however, marked down transaction values.
Local selling prices are being hampered by non-EU import penetration and in the USA, demand for flat and long products remains sluggish. Prices for domestic cold-rolled coil have increased slightly as local producers cut back capacity. Imports from China will slow down following a trade case announcement.
In Asia, falling input costs continue to have a negative effect on prices while in Japan and Taiwan selling values reduced marginally in February.
Source: MEPS – Stainless Steel Review