June 2011 | Welded steel tube & pipe
Weak demand augments seasonal downturn: Stainless Steel Market Analysis
Low demand is applying downward price pressure.
World stainless markets are noticeably weak this month, and not just due to seasonality. The run up to the holiday season is about a month earlier than pre-crisis years and is the main driver. However, beyond this there is poor end-user demand pulling down prices and threatening to boost inventories. Consequently, many mills are looking to extend their plant shut downs from the traditional 2 weeks to 4 weeks or longer. This goes...
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