August 2011 | Welded steel tube & pipe
Price fluctuations in nickel slow market activity: Stainless Steel Market Analysis
despite a $100/tonne price reduction across Asia, currency appreciation has hurt the stainless steel export market.
Global stainless steel production and consumption was lackluster this month. Rapid price fluctuations in the three-month LME nickel price, July’s rebound at $25,135/tonne followed by a one year low in mid-August at $20,830/tonne, weakened stainless steel demand, while simultaneously lowering prices and restraining inventory growth. Nickel, along with metal commodity prices, has taken wild swings this month. The health of the global financial market...
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