Bearish Market Conditions Persist for Stainless Steel ...Middle East

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Bearish Market Conditions Persist for Stainless Steel
source : OILPRICE ( Middle East ) () 23
Via Metal Miner   The downtrend for nickel prices showed signs of exhaustion, with significant potential to impact stainless steel prices. Nickel moved sideways throughout January with a modest 1.60% decline. While directional momentum remained slow, prices continued to edge lower during the first weeks of February and now sit at their lowest level since April 2021. Overall, the Stainless Monthly Metals Index (MMI) moved sideways, falling 0.5% from January to February. Outokumpu’s Q4 Reports Show Weaker 2023 Market Outokumpu noted a…

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