Summer slump, as if!
Stocks are high, prices are falling, demand is weak. This is the environment we encounter above all in stainless steel. From high as heaven to low as death. It's a bit like the weather and crises. You think there is no longer any normality. But this is not quite the case: the aviation industry is catching up, medical technology and some consumer goods industries are moving at a stable level.
There is also movement in the oil & gas sector. So if you look at the situation in a differentiated way, there is no reason for pessimism. A slowdown is necessary, because we can't keep complaining about a lack of resources and too high prices and think, just keep it up. In the USA, inflation has demonstrably led to more workers turning to the labour market again. And now we also have to save energy. This is best done when the economy is not "booming". There are enough challenges, but the economic ones are the smallest of them at the moment. The Hempel team wishes you a nice rest of the summer.
04.08.2022
Locations
Switzerland
Hempel Special Metals AG
Zürichstrasse 128
8600 Dübendorf
Phone: +41 (0)44 823 88 00 | Fax: +41 (0)44 823 88 90
Mail: homepage@hempel-metals.com
