Nickel Fell after Rising in the Previous Days

  • Friday, September 26, 2014
  • Source:ferro-alloys.com

  • Keywords:nickel price, LME, steel mills, ferroalloys
[Fellow]The nickel price continued to fall after rising in the previous two days. The LME nickel price closed at $17,247/t, down 0.88% all day, with high at $17,480/t and low at $17,212....
[Ferro-Alloys.com]The nickel price continued to fall after rising in the previous two days. The LME nickel price closed at $17,247/t, down 0.88% all day, with high at $17,480/t and low at $17,212. It is expected that the Chinese steel mills may cut their purchase prices for ferroalloys further due to the poor business. The oversupply of stainless steel poses a great threat to the ferroalloys industry, especially for nickel alloys and chrome alloys. A better time for nickel is not yet to come, only if the steel mills improve their profitability.
 
Copyright @ 2014 Ferro-Alloys.Com. All Rights Reserved. Please write to sunzhichao@ferro-alloys.com for help. 
  • [Editor:sunzhichao]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

 
Please be logged in to comment!