November 2011 | Welded steel tube & pipe
Stainless welded demand in the European market slides: Stainless Steel Market Analysis
The stainless market has continued to see firm demand, but a global surplus of nickel has put strong downward pressure on prices.
Europe’s stainless steel market further weakened this month, as distributors suffered from overcapacity and increased global competition. Buying activity has softened this month, as distributors seek to minimize losses with the end of the year approaching. While the US has seen relatively increased growth for stainless products in the last three months, including pickups in the oil and gas...
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