Regions Covered
China
USA
Europe
The market demand for stainless steel is expected to grow by 3% till 2020. Global development in urbanization, modernization and growth in automotive industry coupled with growing global demand for energy and water is expected to support the global stainless steel demand in near future. The slowdown in Chinese economy resulted in decreased stainless steel metal consumption. The steady recovery in the global manufacturing and construction sectors will result in growth in stainless steel demand. In developed markets, such as North American and European nations, the total price for stainless steel is divided into three parts: Base price, extras, and alloy surcharge, while in emerging markets, such as Asia, the total price of stainless steel is largely impacted by raw material prices (nickel & chrome).
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