Why Stainless Steel Prices Are Rising Despite Low Consumption
Via Metal Miner The Stainless Monthly Metals Index (MMI) moved sideways, but the downside bias continued. Overall, the index fell 0.9% from June to July. Meanwhile, nickel prices continued their slow slide downward. Mill Price Hikes Hold June brought in a wave of price hikes from U.S. mills. NAS led the market, issuing possibly its largest ever increase in one single announcement. This was quickly followed by ATI and Outokumpu, which seemingly reinforced NAS’s move. While buyers with negotiated contracts have thus far been spared from the…Weiter zum vollständigen Artikel bei OilPrice.com
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