09
Jun
13:48
Fitch forecasts nickel demand improvement from 2021
Fitch Ratings has affirmed its stable outlook on the 'BBB-' Long-Term Issuer Default Rating (IDR) for Russian Norilsk Nickel. The credit rating agency forecasts a reduction of global GDP of 4.6% for 2020, reducing demand for industrial metals such as nickel.
Nickel prices are affected by weaker demand from sectors using stainless steel, such as home appliances or construction. However, the agency expects demand for nickel to recover from 2021.
In spite of…
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Anonymous
Very good overview of the weekly steel market.
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