25
Jan
05:57
Tsingshan Indonesia’s first shipment hits nickel prices
Chinese stainless steel giant Tsingshan has shipped the first nickel matte from Indonesia's Morowali Industrial Park in Sulawesi Province, and is transporting it to China. The move quickly impacted Chinese nickel futures that had just reached an all-time high.
This is the first product shipment since Tsingshan Indonesia announced it had produced samples in March last year. The volume is reported to be just 500 tonnes, but market sentiment turned rapidly due to…
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Anonymous
Very good overview of the weekly steel market.
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