Stainless Steel & Special Alloys
Stainless Quarterly Report 2023-07
Apart from a few Asian countries such as India, global manufacturing has seen a significant slowdown amid central banks striving to fight inflation. Real demand for stainless steel has contracted in many regions, including Europe. Segments like consumer goods, food processing and catering, as well as infrastructure, building and construction, have been particularly hard hit by the effects of raised interest rates, tighter credit lines and consumers’ reduced purchasing power.