27
May
06:45
Beihai Chengde stops orders on Indonesian riots
Guangxi Beihai Chengde Stainless Steel announced on 24 May that the company had stopped taking orders due to the riots in Indonesia. This has had limited impact on market supply of nickel products, however, Kallanish notes.
In the case of high inventory levels and weak demand in the domestic stainless steel market, Beihai Chengde may hope to stimulate concerns about nickel supply to support prices. Indonesia's local ferronickel compa…
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Anonymous
Very good overview of the weekly steel market.
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