Steel Guru: Stainless steel buyers tend to hold orders on down nickel prices

Metals , Stainless Steel Jul 03, 2011 No Comments

Steel coilReportedly, stainless steel buyers tend to hold orders and avoid higher stock this quarter as nickel prices fall to USD 22,000 per tonne from February.

Poor stainless steel demand takes less chrome and molybdenum, leading to weaker stainless prices. Major stainless steel mills also decreased the demand for nickel, chrome and could stimulate further falls in surcharges.

Mr Markus Moll MD of SMR Steel and Metals Market Research said that stainless output has reached pre crisis level, yet China has become the net exporter of stainless.

via Steel Guru : Stainless steel buyers tend to hold orders on down nickel prices.

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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