Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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June 2019 | Stainless Steels


Prices continue to slip amid rising competitive pressures: European Highlights


The relative stabilization in nickel prices over the past two months means that there will be little change in prices over the coming weeks.

The malaise in Europe’s stainless steel markets continues as the slower summer season approaches. But this year any talk of a summer slowdown is perhaps misplaced. In reality the market has been lacklustre for much of 2019, with prices being pushed up and down only really by the vagaries of the nickel market.

As such, the relative stabilization in nickel prices over the past two months means that there will be little change in prices over the coming weeks. For sure, the overall trend is downward but rather than any large blow to prices, Europe’s producers are instead suffering by way of a thousand small cuts.

The cuts resulting from movements in nickel prices are minimal with regard July deliveries. Alloy surcharges on the most common grade of stainless steel – 304 – will be cut by a further €20-30/tonne. That it is once...

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