European Highlights

摘要

As is the case almost every year, Europe's summer season has brought about a general slowdown to the region's stainless steel market MBR understands that base prices have slipped slightly since late June, with mills looking to fill up order books before scheduled maintenance outages, though it is mainly further falls in alloy surcharges that have dragged prices down in July and will do so for August too. Nevertheless we believe the market is set to stabilize beyond August Further downward potential in nickel prices is limited and we understand that stainless steelmakers are beginning to search for base price increases for September and October deliveries. The fourth quarter may also finally seea resolution reached with regard to the Temi works in Italy. The plant has been seeking a new owner all yearand we analyze how a change in ownership could affect market dynamics in Europe.