Aug 30, 2023
EU stainless steel producers with order books filling up – Stainless Espresso

EU stainless steel producers with order books filling up

The supposed summer slump is clearly over. Market sources report that the order books of EU stainless steel producers are filling up more and more. This has not only caused prices to jump upwards, but is already having an impact on delivery times for European mills, which are already approaching the end of 2023. But there has also been a revival in the market in other respects, and demand for stainless steel has increased significantly.

Taiwanese stainless steel prices for September to rise

Sources in Asia report that Taiwanese stainless steel producers are raising prices for September 2023 in response to, among other things, increased raw material costs for FerroChrome and Molybdenum. Prices for Asian stainless steel scrap (304) rose by more than 5% in August, and prices for nickel pig iron (NPI) had even increased by almost 8%. 

Source: Steel News