11
Dec
03:32
ING expects nickel to remain under pressure
ING believes nickel pricing “underperformance” is likely to continue, at least in the near term, amid a weak macro picture and a sustained market surplus, Kallanish notes.
The research house says in a note that it forecasts nickel prices to remain under pressure in the short term as a surplus in the global market builds and a slowing global economy mutes stainless steel and EV demand.
“We see prices averaging $16,600/tonnes in the first quarte…
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Anonymous
Very good overview of the weekly steel market.
Anonymous