Cold Rolled Stainless Imports Surge Despite Higher Freight Rates ...Middle East

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Cold Rolled Stainless Imports Surge Despite Higher Freight Rates
source : OILPRICE ( Middle East ) () 33
Via Metal Miner Overall, the Stainless Monthly Metals Index (MMI) reversed to the downside, with a 10.88% drop from June to July. Nickel prices experienced heavy losses during June, securing the title of worst-performing base metal with an over 14% decline. Prices had fallen over 19% from their May 20 peak by early June as they remained in search of a new bottom. Bearish Conditions Lead to Steep Stainless Discounts Bearish conditions continued to reverberate through the stainless steel sector throughout June. Distributors and brokers reported an…

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