Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Bureau of International Recycling (BIR) has indicated that demand for stainless steel scrap at the start of the last quarter of the year is expected to remain steady with a drop projected by the end of the year. 


The BIR analysis noted that businesses pertaining to the stainless-steel industry have been very volatile as the world is yet to determine the full impact of COVID-19. Car manufacturing companies are witnessing a drop in production and job losses but, on the other hand, orders in the home appliance sector have increased through e-commerce portals.


BIR has also urged the airline companies to project their outlooks based on only 50-60pc sales compared to the previous outlook models as the aviation industry has been significantly affected by the pandemic. 

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