European stainless steel prices for long and flat products were stable this week despite low demand and a pessimistic outlook on the market for the remainder of 2019, sources told Fastmarkets MB on Friday May 17.
Market participants attributed the poor demand to a several factors weighing on the economic performance in Europe. "There's Trump and China, Brexit, the gilets jaunes protests in France, elections coming up in Germany, European [Union] elections. There are so many things that are affecting confidence," a trader in the...