Breaking News: European stainless steel mills shut down31 August 2022 – More and more reports are arriving that European stainless steel producers are scaling back or shutting down production altogether. So far, more than 3 million tonnes of annual capacity are already affected. The main reason cited by the major mills is the sharp rise in energy costs. Many stainless steel consumers and buyers seem to have got off on the wrong foot so soon after the summer break. Source