The price of stainless steel in the domestic European market was unchanged in the week ended Friday March 13 amid stable market conditions, but participants were bracing for a substantial downturn driven by the measures to contain the outbreak of 2019-nCoV coronavirus, sources have told Fastmarkets.
"So far... demand is unchanged, but a decrease might come," a Scandinavian distributor said. "Can we compare this with [the global financial crash of] 2008? It's too early to say, but we're acting carefully."The distributor said that...