World Average Stainless Steel Prices-Latest Forecasts

摘要

In the short term we forecast stainless steel prices moving even higher- due mainly to an unprecedented hike in the price of nickel on the LME during August This gain will impact on transaction prices in October and November. We believe that the year end will be the peak of the current cycle. In the longer term, we expect stainless selling values to decline. The LME 15 month buy price for nickel in the last few days of September was below 24,000 US dollars per tonne. This compares with a cash price of 35,000 US dollars towards the end of August and a figure of around 28,000 US dollars in recent days.