It is reported that international nickel prices return to the pattern of weak finishing, LME nickel prices dropped back to below US$14,000/ton. This week, Yieh United Steel Corp. (Yusco) expects to announce December prices. In fact, LME nickel prices rebounded last month, supporting Yusco to roll over its November prices for more reasonable. As nickel prices continued weak, stainless steel market demand is expected sluggish further. Market participants predicted that nickel prices continued at relatively slow movements and Yusco may face difficulty to raise its December prices.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67360&division=A1
