Germany&#xx;s steel sector has faced notable issues related to energy expenses despite government support efforts. These factors have contributed to a constrained outlook for stainless steel HR coil (SSHRC) demand within the European market. Additionally, the ongoing economic climate in China, marked by declining construction activity, has intensified these price pressures and impacted global demand.
In December, stainless steel HR coil (SSHRC) prices in Germany fell by xx, reflecting weak demand and oversupply in the market. This decline contrasts sharply with the U.S. market, which remained stable due to balanced pricing and steady production. The weakening demand for SSHRC primarily stems from economic challenges, including rising energy costs, which pose significant hurdles for steel manufacturers in Germany.
In China, stainless steel HR coil prices also decreased by xx due to a x.xx overall drop in steel demand compared to the same period last year, according to...
