The positive trends observed since the second half of 2016 are well manifested this year as well. The stainless steel market situation in 2017 will improve. The price of stainless steel products has clearly increased over the past few weeks, in line with the worldwide trend.
There are several reasons for this. First, the rise in prices for raw materials used in steel production, such as nickel. Infrastructure investments in many countries lead to the conclusion that the demand for stainless steel will increase.
The increase in demand is evident in almost all industries. It is important to note that this also applies to the building structures sector. In this industry, the potential for stainless steel is still huge.
The rise in stainless steel prices is also driven by tougher anti-dumping policies, mainly from the United States and the European Union. The introduced administrative mechanisms effectively slow down imports of Asian manufacturers. So, the financial position of some companies has improved significantly lately.
What can we expect in the stainless steel market in 2017?
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