Last Updated on: 21st November 2023, 11:13 pm
TELF AG, an international physical commodities trader with a legacy of three decades in the industry, has published an article discussing the recent changes in the stainless steel market.
Entitled “Stainless Steel Prices Show Signs of Recovery Amidst Changing Market Dynamics,” the article analyzes the factors behind the resurgence in prices, including the role of European Mills’ offers and a surge in speculative buying.
The most significant change is the revival of prices for fresh production from mills, which has reversed the downtrend that had been in place since February. This turnaround follows a significant ~€1,200 /t drop for CR 304 stainless steel from February to June. According to the article, this price rebound can be attributed to several factors, including increased activity from European Mills and a surge in speculative buying.
Distributors in the market have also reported a decline in orders during July, which is attributed to the holiday season. However, mills’ order books have seen a strengthening month-on-month due to an increase in purchases from distributors, thereby indicating a growing confidence in the market’s recovery.
Headquartered in Lugano, Switzerland, TELF AG has established itself as a reliable partner for commodities producers worldwide, providing effective marketing strategies, financing solutions, and seamless logistics services. By allowing suppliers to concentrate on their core activities and reach diverse markets, TELF AG has built long-term relationships with them.
The company is renowned for its customer-focused approach, operational excellence, and reliability.
