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EU Stainless mills push for price increases; lead times into September…

Home/Materials and Economic Background/EU Stainless mills push for price increases; lead times into September…

EU Stainless mills push for price increases; lead times into September…

It is reported that EU stainless mills are pushing for price increases for new production and lead times from EU mills are into September/October, with EU import levels falling following the imposition of anti-dumping duties on China (now confirmed at 24.4% to 25.3%) and Taiwan (6.8%) for Cold Rolled Stainless Steel. Imports from these two countries have supplied up to 17% of the EU market. The anti-dumping duties are to be confirmed at the end of September.
Nickel stock on L.M.E. has risen to over 3 months Global consumption, reflecting weak demand and overcapacity in China, which has held down the Nickel price.

By | 2015-07-27T13:27:23+00:00 May 27th, 2015|Materials and Economic Background|