September 2011 | Welded steel tube & pipe
Nickel prices drop 17% this month, settling around $18,050/tonne: Stainless Steel Market Analysis
We expect stainless welded tubing prices in the fourth quarter to experience downward price pressure.
This month, investor uncertainty caused a sharp fall in alloy prices, as traders sought to leave the commodities market for safer investments. The global stainless steel market was significantly affected by the wild downswings in nickel prices. The LME 3-month nickel price reached a 15 month low, settling at $18,050/tonne. At this level, surcharge prices of stainless steel will drop, simultaneously signalling an increase in base...
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