Steel News

We strive to let you one step ahead of the market.

European stainless steel demand gradually recovers with increasing prices

4 Oct 2022 15:43 reported by Joy Liu

A A A
The European grade 304 stainless steel demand has gradually recovered in the past week, and prices have increased as well.

The demand slightly increased when prices dropped in September. The demand in the construction industry was still weak, but the demand in the automobile industry is not bad instead. In spite of the improved market demand, the overall situation is still not very strong.

In addition, due to surging energy costs, the overall capacity in European mills was 30% lower than before. Even though some authorities in Europe introduced energy tax subsidy policies, the stainless steel market remained sluggish as the demand hasn’t rebounded significantly.

Back to Steel News

Related News

China’s stainless steel crude steel output in week ending Nov 24 decreases w-o-w

  • Stainless steel
  • 29 Nov 2022 17:04

Taiwan’s Yusco announces new stainless steel prices for Dec

  • Stainless steel
  • 29 Nov 2022 15:01

Taiwan’s upstream stainless steel mills expected to raise prices for Dec due to rising nickel prices & inventory replenishment

  • Stainless steel
  • 28 Nov 2022 17:05

Global stainless steel market to grow at CAGR of 9.4% by 2028

  • Stainless steel
  • 24 Nov 2022 16:53

Nickel prices to be supported by decline in LME & SHFE nickel inventories

  • Stainless steel
  • 24 Nov 2022 16:53

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,911.00
  • 2,908.00
  • Aluminum
  • 2,315.00
  • 2,353.00
  • Copper
  • 7,965.00
  • 7,980.00
  • Nickel
  • 25,200.00
  • 25,300.00

Learn more

Coil Exchange Center

  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790
  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790

Learn more