24
Mar
07:06
Low demand hits stainless steel trade, prices
Sluggish demand and slumping nickel prices have dragged down the price of stainless steel in the past two months, causing a huge drop and market panic, and even seriously impacting cross-border trade, Kallanish observes.
The drop in nickel prices has been the main reason for the weakness in stainless steel prices over the past two months. From 1 February to last Friday, the most-traded April contract of Chinese nickel futures was cut by 18.36% to CNY 181,410/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous