Precision stainless steel consumption growing
The global market for precision stainless steel (also known as thin strip) is expected to expand 1.5x in terms of market volume by the end of 2029. East Asia currently accounts for over 50% of consumption and this is expected to grow.
Allegheny price increase
Allegheny Ludlum is increasing prices for hot- and cold-rolled stainless steel sheet, strip and continuous mill plate products by approximately 3%.