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Home / Metal News / Major steelmaker in the east lowers weekly purchasing prices of ferronickel

Major steelmaker in the east lowers weekly purchasing prices of ferronickel

Apr 24, 2019 15:57

Source:SMM

A stainless steel producer in the south continued to suspend procurement of high-grade ferronickel this week

SHANGHAI, Apr 24 (SMM) – A major steel mill in the east lowered its purchasing prices of high-grade ferronickel by 40 yuan/mt on the week, to 980 yuan/mtu with taxes and transportation fees included, on Wednesday April 24.

SMM learned that a stainless steel producer in the south continued to suspend its procurement of high-grade ferronickel this week.

As of Wednesday April 24, domestic prices of spot high-grade ferronickel with 8-12% Ni stood at 970-985 yuan/mtu, down an average 32.5 yuan/mtu from a week earlier, SMM assessed.

Market commentary

Ferronickel

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