European stainless steel prices trend sideways

Looking at the European market, it is seen that stainless steel prices have followed a horizontal course.

While the reason for the lack of change in prices is seen as the stagnation in demand, it is among the information that the distributors started to renew their inventory in November and therefore the market inventory was low. The order amount was insufficient for stock replenishment, and the temporary demand from the dealers did not cause a development that would stimulate the market.

It is known that the factor pushing European producers to cut production is the general market pressure after Russia's invasion of Ukraine.