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Will Nickel pay for previous high prices

Reuters have created a report for their "Metal Insiders" feature to review the reactions to the crazy high prices achieved in 2008 at the height of the commodity boom. It also expresses its opinions on how the could effect the future of demand due to the effect it has had on the stainless market in some instances scaring potential users into using alternatives.There is now a potential over supply in Nickel and this has had a detrimental effect on prices.This linked with the economic slump and the down turn in stainless steel usage doesn't look good in the short to medium term.With all the investment in future capacity the reliance is really on stainless growth to salvage the market

 

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Syndicated From: Stainless Steel Me