The European stainless steel sector is under pressure, with uncertainty fuelled from various quarters. First of all, economic growth in the continent’s biggest economy, Germany, has declined quarter after quarter and some leading market analysts are predicting some kind of recession. Both exports and domestic demand have deteriorated during the past month.
Furthermore, the nearing of Brexit and its still-questionable timetable and agreement content are constantly raising the levels of uncertainty, with significant effects on consumers’ purchasing behaviour.Read More
Joost Van Kleef , Oryx Stainless B.V. (NLD), Chairman of the BIR Stainless Steel & Special Alloys Committee