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Stainless steel price up slightly

14 Jan 2008 13:28 reported by Stella Lin

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As nickel price has been rebounding in the last 10 days, Asian stainless steel price has risen by around US$50/mt.

According to market participants, stainless steel prices could rise further as nickel prices remain firm, but in next few weeks the important Chinese New Year holidays in Asia will keep the market quiet.

However, since demand remains weak, buyers are still adopting a wait-and-see approach, according to a stainless steel maker.

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