Market sentiment is U.S. weakens, recovery seen long-term

Positive expectations for the U.S. stainless steel market are unlikely to materialize in coming months. Demand and prices have softened since Q2's end, with no quick recovery expected.

Instead of the awaited improvement, the U.S. stainless steel operators faced even more substantial volatility and macroeconomic headwinds entering the year's second half. That weighs on the real demand recovery and prevents a noticeable restocking in the distribution segment. However, market participants agree that the current issues are cyclical, while structurally, the market remains strong and poised for long-term growth. Continue Reading? Please click box below!