Finland-based stainless producer Outokumpu announced that its stainless steel shipments totaled 656,000 tons in the second quarter of this year, falling by 8.8% year on year.
In the first half of this year, the group’s stainless steel deliveries amounted to 1.36 million tons, decreasing by 8.05% year on year.
The dip in stainless steel shipments was caused by weak demand in Europe, affected by sluggish market and falling nickel prices.
Outokumpu indicated that the global stainless steel demand rose by 3.8% quarter on quarter in the second quarter of this year. However, the stainless steel demand from Europe, Middle East and Africa (EMEA) region dropped by 1.9% from a quarter ago.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65533&division=A1
