Tag: global nickel supply impact.
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India: Stainless steel scrap prices fall w-o-w despite rise in LME nickel levels
Demand for finished goods weak post-New Year Indonesia proposes 40% cut in nickel mine quotas India’s domestic and imported stainless steel (SS) scrap prices declined w-o-w due to subdued demand for finished goods following the New Year holidays. Despite a 3% w-o-w rise in London Metal Exchange (LME) nickel prices, the SS scrap market weakened,…