18
May
12:54
Norilsk Nickel forecasts low demand for stainless steel
Russia’s Norilsk Nickel lowered its forecast for global demand for metals, in particular on stainless steel by -6% year-on-year, the company says in its review of the market.
The company predicts a global nickel surplus of 130,000 tonnes this year. Stocks of nickel on commodity exchanges increased by more than 70,000t in January-April, Kallanish notes.
“Against the backdrop of a rapid economic recovery in China, the expected rebound in the …
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Very good overview of the weekly steel market.
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