EUROPE STAINLESS STEEL: Bright bar prices edge upward despite pessimism for demand

Base prices in Europe for stainless steel grade-304 bright bar edged higher this week because of steel mills’ ambitions to strengthen their margins, traders told Fastmarkets on Thursday April 18.

The outlook for demand was fairly pessimistic, however, and some traders believed that the gains would be short-lived as a result. “April will be quite weak, I believe, once we can see the whole month. And for May,...

Published

Ross Yeo

April 18, 2019

18:42 GMT

London