August 2019 | Stainless Steels
Base prices to revive, but only after nickel retreats: Latest Analysis
We maintain our view that nickel is overvalued and as it must correct in the short term, so surcharges and ultimately transaction prices will recede toward the end of the year.
Base prices to revive, but only after nickel retreats
The stainless steel price rally for nickel-containing (austenitic) grades, which began as it usually does in Asia following rapidly rising nickel prices, spread as expected through August and even materialized in Europe by the final week. As a leading indicator, developments...
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