The price jumps in the molybdenum-containing stainless steel grades 316 and 316L continued on Monday. A robust labour market is reported from the United States, which is already having an impact on the EUR-USD currency pair. And the automotive industry and semiconductor manufacturers seem to be getting their supply difficulties more and more under control, which should ensure further growth in steel demand overall.
Our current overview of market developments at Stainless Steel:
• Further jumps for 316/316L stainless
• Molybdenum prices at record high, supply tight
• EUROFER: How much money more? And who actually pays for it?
• Countervailing duties against Chinese stainless?
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