October 2011 | Welded steel tube & pipe
Nickel prices remain volatile: Stainless Steel Market Analysis
We expect production levels of stainless welded pipe and tubes to gradually decrease over the next month.
LME 3-month nickel prices showed minor stability with a slight rebound toward the end of this month. In last week of October, the closing price rose to $19,000/tonne, marking a monthly high and a 9.64% price increase since the beginning of the month. Other base metals showed similar rallies; however, the price rises may be unsustainable given...
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