European distributors have "pushed back" on domestic stainless steel factories rising prices as weak demand continues to weigh on their profitability, new MEPs podcast reveals.
The latest batches of the European Parliament are featured in several episodes of the podcast – a part about Steel, by the way. – Stock penetration in March is more often a declining demand trend, which undermines Mills' attempts to obtain higher prices. Steel market analyst Michelle Kirton presents the highlights for Editor-in-Chief Tom Sharpe in his seven-minute market overview
According to Kirton, demand for stainless steel in Europe became increasingly low in March, reflecting the growing caution of market participants around the world.
"Uncertainty was the key word in a study conducted last month in almost every region, and that's because of the U.
S. trade tariffs", - she said.
"Although it won't directly affect all distributors and warehouse workers[in Europe], it will affect end users, and if they produce less and buy less steel, it will have the opposite effect."
The following issues were also discussed in the Market in Minutes podcast on the European stainless steel market this month::
The MEP's speech on steel and the market in the Podcast "Minutes" format is available from all major podcast providers. Follow the links below to access this month's issue.
YouTube
Spotify
Apple Podcasts
International Report of MEPs Stainless Steel Review subscribers regularly receive information about the world's largest stainless steel markets. The publication provides market commentary, stainless steel prices, indexes, and forecasts for Europe, Asia, and North America. Contact the MEPs for detailed information on how to subscribe.
