“We see a positive trend for the fourth quarter. The market is healthy, and the alloy surcharge has increased [for October and November],” Acerinox financial director Miguel Torres said during a conference call on Monday October 30.
“We are not going to see the price rocket upwards, but we feel confident.”
Acerinox’s lead times in Europe are currently at 6-8 weeks. Inventory levels in Germany, Europe’s largest stainless steel market, are currently at 60 days, down from 65 days in May, Torres said.
The installation of a new €140 million cold-rolling mill and annealing...