Nickel price soars, stainless steel sales heat up in external market
13 Oct 2021 16:27 reported by Henry Zhao
After the Chinese national holiday, the demand for stainless steel exploded and the market stabilized, which led to a great rebound in the international nickel price.
However, as the demand in the fourth quarter is still not so active, Taiwan's domestic market is still cold but the export market kept heating.
With the epidemic going well, the peak season in the fourth quarter will be coming gradually. Moreover, the demand gradually improves after the epidemic in southeast Asia eases. The improvement of sales will come soon.
Ferrochrome, ferronickel, and some raw material prices soared, which drove the prices of stainless steel to rise. With the demand going well, it is worth looking forward to the downstream industry's active purchase.
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