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European stainless steel prices running stably

13 Apr 2020 14:56 reported by Ana Lee

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It was understood that due to the lower nickel prices in the past week and the resumption of production at Italian steel mills, European stainless steel prices were basically stable.

Although there was news about higher quotations within the market, dealers said that buyers had no intention to buy in the short term because they believed that prices will be falling soon.

Although the epidemic caused low demand in automotive and home appliance industries, the medical and food industries performed well.

At the same time, the European Commission has imposed temporary anti-dumping duties on stainless steel hot-rolled coils imported from China, Taiwan and Indonesia, and the final ruling was expected to be effective in October.

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