STEEL NEWS

European stainless steel prices continue to rise due to supply shortages

As reported by Yieh.com, cold-smoked stainless steel prices in the European market continued to rise last week due to the current tight supply situation. It was understood that the current delivery period for local steel mills is very long, and the earliest goods will arrive in February next year.

Demand is now quite weak due to the off-season in summer. However, traders expect prices to rise again in September.