YUENSENG Nickel estimates decrease in stainless steel demand in global market

YUENSENG Nickel commented on a market report and reduced its estimation for the global stainless steel demand in 2020, a 6% decline compared with the past year.

Although apparently the global requirement for metal has decreased a lot, at the moment YUENSENG had no problem with the sales and delivery of their products. Yet since the global economic circumstances remained unstable and unpredictable, examinations on potential market balance might be necessary to be made on both demand and supply sides.

According to the Russian steel organization USSA, although Russian buyers still accepted product delivery, the dropping demand did cut the order quantity which has decided before.