China's stainless outlook for first quarter bright despite rising supply
Dec 17, 2012 | 11:00 AM
| None
Tags
stainless steel,
stainless production,
stainless outlook,
stainless prices,
London Metal Exchange,
nickel prices,
stainless inventories
SHANGHAI — The first-quarter outlook for China’s stainless steel market is upbeat despite rising supply.
The positive outlook is due to the current low inventories and a warming economy.
Stainless steel inventories in China have fallen to their lowest levels in two years, setting the stage for price increases. Stocks in the two main markets of Wuxi and Foshan plunged after producers were forced to cut production during the third-quarter 2012 market slump.....
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