European stainless steel prices due to low supply
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Update time : 2021-08-10 18:25:36
It was understood that it is a low season in the summer. Although the demand is weak now, the price continues to increase further.
The prices of cold-rolled stainless steel in the European market have risen by EUR 50/ton in the past week in early August due to the tight supply situation.
The present delivery period of local steel mills is very long and the earliest availability of goods was at the end of December or January next year.
Asia's offer is cheaper but it was still difficult to import from Asia. Due to the safeguard measures and anti-dumping taxes, there was a lack of overseas quotations from Asia.
The shortage of materials was expected to continue further during the summer off-season and prices will be remained high.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
