Stainless Steel Spot Prices Dip Amid Weakened Steel Mill Demand, Pressuring Short-Term Ferro-Nickel Costs

Published: Sep 10, 2024 18:10

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[SMM Daily Comment: Spot stainless steel prices decline slightly as steel mill purchasing power wanes, putting pressure on ferro-nickel prices in the short term] According to reports on September 10, the average price of SMM 8-12% high-grade ferro-nickel was 990 yuan/nickel point (ex-factory price including tax), down 3 yuan/nickel point from the previous working day...

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