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Some interesting market data await us in the coming week. Politically it should remain quiet – but you never know. In addition, stainless steel prices picked up significantly last week, as we expected.

Stainless Espresso: Stainless steel prices in Europe up
Stainless Espresso: Stainless steel prices in Europe up

IHS Markit offers an exciting outlook for the coming week.

After global purchasing managers’ indexes showed the strongest growth in 11 years in April, official economic data will be of interest to track the recovery momentum as well as the potential impact of faster growth on inflation, IHS Markit analysts write.

What awaits us the next week?

Consumer and producer price inflation for April will be released from the U.S. and China, as will retail sales and industrial production for China. Meanwhile, the GDP review continues with the release of first-quarter figures from the U.K., Malaysia and the Philippines, as well as factory production figures for the eurozone. A quiet political week is ahead, with central bank meetings only in the Philippines.

For a comprehensive analysis, click here.

Source: ihsmarkit.com

Stainless steel prices in Europe continue to rise

After we reported earlier that prices could rise due to VAT rebate cuts on Chinese steel exports, the latest figures from Fastmarkets confirm the trend we expected. Stainless steel prices in Europe rose by at least $243 (€200) per ton last week.

Source: metalbulettin.com

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