European stainless steel production rose slightly in May

Consolidated stainless steel production in the European Union was 710 thousand tonnes in June, an increase of 1 percent YoY, according to a report released in Germany based on data from Damstahl. In recent years, Damstahl has significantly strengthened its position as a think tank with sales offices in Germany, Denmark, Sweden, Norway, the Netherlands and Slovenia.

During this time period, production of stainless steel in Sweden increased by 6 percent and in Slovenia increased by 2 percent compared with the figures for the same period a year earlier. At the same time, stainless steel production in Germany decreased by 20 percent compared to the corresponding period last year.

According to the report, the demand for stainless steel in the first half of 2014 was satisfactory and the demand for stainless steel products from end users will remain high in the second half. Stainless steel has recently become one of the most popular materials among those who produce custom-made cabinet furniture . Damsthal points out that European actual market demand for cold rolled steel is expected to grow 3 to 4 percent this year.

Damstahl is currently the only pan-European wholesaler of stainless steel products and operates in six countries while still being a family business. The company sells 66,000 tons of stainless steel a year. She takes pride in supplying high quality products to her customers.