he U.S. Commerce Department said on Tuesday that it had found corrosion-resistant steel products and cold-rolled steel produced in Vietnam using substrate of South Korean or Taiwanese origin that had circumvented U.S. anti-dumping and anti-subsidy duties.
The yuan plunged beyond 7 per dollar for the first time since 2008 amid speculation Beijing was allowing currency depreciation to counter President Donald Trump’s latest tariff threat.
The three-month futures price of nickel on the London Metal Exchange (LME) soared by US$1,070/ton to US$15,880/ton yesterday (August 8th). The highest in intraday sessions was US$16,690/tons, and the spot price also surged by US$1,042/ton to US$15,844/ton.
The European Commission has launched an anti-dumping investigation on the stainless steel hot-rolled flat-rolled products from Taiwan China, and Indonesia. The investigation was started based on a application by the European Steel Association (EUROFER) at end-June.
The nickel price keep increasing in the few days.
According to the market price, the nickel price was recently around US$14,000/ton, much higher than the price at the beginning of this year, with approximately 70% increase range, mainly caused by the export ban policy from Indonesia.
Strong nickel price in LME & China
According to the influence of cornonavirus, Messe Dusseldolf GmbH is postponing the trade fair "Tube 2020" The exhibitor time will be announce after discussion.
Did you know that nickel and nickel alloys play a crucial role in the production of renewable energy - enabling clean power to be a central part of our efforts to tackle global warming?
Currently, the stainless steel prices were seemed to keep strong, mainly caused by the increasing nickel price and stainless steel scrap price, both pushed the cost to increase