June 2009 | Stainless Steels
Asian stainless steel market outlook for the remainder of 2009
An outlook for the Asian stainless steel market for 2009
Asian stainless steel market outlook for the remainder of 2009
In China and much of Asia we have seen a situation develop in the second quarter of 2009 where spot market prices have risen to meet those of mills and are now leading the market upwards – previously mills list prices where significantly higher than those traders on the spot market were able to achieve. This has come as the severe production cuts of the final quarter of 2008 and the first quarter of 2009 – with mills operating at capacity utilisation rates of around 60% - led to a contraction in inventories at traders,...
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