In Canada and the USA Stainless prices increased during July, while the prices of Stainless in the UK decreased during the month.
The demand for Stainless steel continued to remain strong throughout July 2014. Delivery lead times are long and shipments from the mills often tend to be late, as well the mills are only accepting orders for the current production period. The mill’s position on recently announced price increases appears to be softening, but this could be a short lived scenario as the summer holidays come to a close. Most Mills have announced or have planned price increase announcements for October / November 2014. Market experts have reported that the falling price of Nickel (a large component of Stainless Steel), will result in the lowering of the surcharges that are applied on all Stainless orders
Europe: The European Commission (EC) has initiated anti-dumping investigation on stainless steel imports from China and Taiwan. The complaint was filed by the European Steel Association (EUROFER) in May, which alleged that Chinese and Taiwanese producers dumped stainless steel cold rolled flat products at cheap prices, causing considerable damage to the EU stainless steel industry.
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