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Nickel gains surprise European stainless producers

January 06, 2009 - 12:13 GMT Location: London

KEYWORDS: stainless , Europe , turmoil

Low levels of demand, high stock levels and rising nickel prices have continued to cause problems for European stainless steel producers, market participants told MB.

At the end of last year a number of producers and stockholders reduced their offer prices, anticipating that nickel prices would continue to fall in the New Year.

“There is no shortage of material in the market, which is why stockholders are selling at such low prices,” one source told...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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