Tag: stainless steel market impact
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Global: Nickel market volatility intensifies as Indonesia reshapes supply dynamics
Nickel prices surge on Indonesia’s quota cuts Stainless steel prices face cost pressure amid weak demand SteelDaily: The global nickel market entered a volatile phase in January 2026 as prices surged to multi-month highs, driven primarily by Indonesia’s sharp shift in supply policy. LME nickel prices averaged around $18,900/t during the month, up nearly 20%…