Nickel prices failed to recover from the steep plunge at the start of this month, which kept sentiment bearish in the stainless steel market.
The three-month nickel contract on the London Metal Exchange
ended the official session on Wednesday at $16,047 per tonne, down by $33 per tonne from $16,080 per tonne a week earlier
. The contract is now $2,628 per tonne (14.1%) lower than on March 1, when it was at $18,675 per tonne.
Stainless steel cold-rolled coil 2mm grade...