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US stainless buyers postpone purchasing on falling nickel prices
Reportedly, the US stainless processing centers have postponed the buying due to falling nickel prices.
It’s said that most stainless buyers in the US have taken wait-and-see attitude towards the market due to decreasing nickel prices and they might return to purchase until July.
The nickel prices during the period of July alloy surcharge calculation were at US$7.54/lb., decreasing by 4.3% from a month earlier.
Besides, the prices of other raw materials such as chrome and scrap have been falling as well, reflecting that the alloy surcharge for July would drop further.
News Date 6/15/2012 10:27:38 AM reported by Betty.
