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China's stainless steel mills stop offering as nickel prices up

16 Feb 2017 13:55 reported by Claude Tseng

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Stimulated by the strong nickel price rebounded recently, China's stainless steel mills decided to stop offering this week. Affected by that the demand was expected to rebound in the market.

Some traders said Korean customers received notice of stop offering from China’s mills. Taiwan’s single re-rolling mills hope to get cheap sources after Chinese New Year holidays.

But it might not be as same as expectation and price might be higher in following days. However, the demand was not quite yet to improve in Taiwan market.

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