Stainless steel prices may rise further due to strong nickel price
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Update time : 2020-05-21 22:43:27
According to the current market in the world, the nickel price on the London Metal Exchange was around US$12,500/ton, which kept at the peak point and was expected to stimulate the stainless steel prices to get high further.
Moreover, the main reason for the strong nickel price was by the strong demand in China, and the market expected the Chinese government would increase a huge amount of investment in the infrastructure to stimulate the domestic economy, which pushed the nickel prices to stay strong.
Moreover, more and more stainless steelmakers in China, Indonesia, and Taiwan decided to increase their prices in the future.
