Import prices for stainless steel in East Asia rose over the week ended Wednesday July 17 after producers adjusted their asking prices upward in response to a rally in the price of nickel on the London Metal Exchange.
Following seven consecutive days of gains after July 5, the price of nickel, 3 months, LME Daily Official, ended the official trading session on July 16 at a 2019 high of $13,960-13,980 per tonne, compared with a year-to-date low of $10,525-10,530 per tonne on January 2.The rebound in the nickel price was attributed to supply concerns, including the suspension of nickel...