Seth Rosenfeld

Unfortunately, if other steelmakers gain in terms of higher prices thanks to consolidation, this may only provide them more headroom to maintain the status quo for years to come, this is an industry that has seen waves of consolidation in times of either extreme distress or empire building. This environment is neither.

However, on the back of last month's announcement of new stainless anti-dumping duties, further protectionist policies by the European Commission may begin to portray a more proactive policy response than seen historically.