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The rising demand for stainless steel means that the responsible and efficient use of our resources is becoming increasingly important.
After a sharp correction mid January which had pushed the nickel price on the London Metal Exchange (LME) from over USD 24,000.00/mt down to just below the USD 22,000.00/mt mark, a clear recovery started again.
The rising demand for stainless steel means that the responsible and efficient use of our resources is becoming increasingly important.
The rising demand for stainless steel means that the responsible and efficient use of our resources is becoming increasingly important.
After a sharp correction mid January which had pushed the nickel price on the London Metal Exchange (LME) from over USD 24,000.00/mt down to just below the USD 22,000.00/mt mark, a clear recovery started again.
Full order books, little scrap, political unrest in Kazakhstan, one of the main chrome producing countries, and the completion of a company acquisition whereby a large European producer takes one of the three big stainless steel scrap recyclers on board.
In a publication, the investment bank, JP Morgan mentions that it finds the industrial metals complex somewhat uninspiring at the moment, now that the quieter part of the year is approaching.

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