Nickel Market Stagnates as Suppliers Resist Discounts and Steel Mills Push for Lower Prices

Published: Jul 10, 2026 18:11

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[SMM Nickel Flash] July 10 – In the off-season, suppliers generally show low willingness to sell and are reluctant to proactively offer significant discounts. Downstream steel mills, influenced by tender settlements at mainstream mills, have been lowering their indicative prices, with strong sentiment to push for lower prices. The market is expected to consolidate on a subdued note in the near term, making the divergence in offer prices between upstream and downstream difficult to narrow quickly, and a significant increase in transaction volumes is unlikely.

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