Stainless markets set to remain tough

The stainless steel market is set to remain tough for at least another six months and possibly for another year, said Christopher Plummer, md of Metal Strategies, Inc, at the Ryan's Notes Ferroalloys Conference in Orlando.

Prices for benchmark CR304 are off more than 40% since the first half of 1995. In Asia, which accounts for 45% of world stainless consumption, China has increased domestic production...


October 30, 2001

12:53 GMT