STAINLESS PRICE REVIVAL EXPECTED TOWARDS END OF 2007 OR EARLY 2008

摘要

June 2007 was the peak month for stainless steel selling values. The third quarter and much of the final trimester will prove to be a tough period for all stainless steel producers. Mills in Western countries (North America and European Union), which operate the alloy surcharge mechanism, are offering massive discounts on published basis and or alloy surcharges to attract the small amount of business available. They are suffering substantially reduced activity. Moreover, they are diverting, where possible, over-production to their depots, which are now almost full. It is inevitable that the steel makers' financial performances will be badly hit in the August to December period.