MEPS STEEL NEWS
In the short term we forecast stainless steel prices moving even higher – due mainly to an unprecedented hike in the price of nickel on the LME during October. This gain will impact on transaction prices in December and January.
We believe that the turn of the year will be the peak of the current cycle. In the longer term, we expect stainless selling values to decline, albeit at a much slower rate than the escalation this year.