SteelMint

Tag: Stainless steel sector demand

  • Nickel market struggles under supply surplus, weak demand

    Nickel market struggles under supply surplus, weak demand

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    by

    Kanishka Chhabria
    in

    Demand softens from stainless steel, EV sectors Indonesian producers continue to raise output Nickel prices on the London Metal Exchange (LME) inched down by 1% from last week, with the 3‑month contract closing at $14,830/tonne (t). LME nickel stocks remained range‑bound with a slight increase to 209,082  t from 208,692  t a week earlier, driven…