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News

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Global demand for stainless steel will increase by 20% in 2010.

Global demand for stainless steel in 2010 will grow by 20% compared to 2009. Such an opinion was expressed by brokerage analysts the company «Nirmal Bang Commodities Pvt», Bloomberg reported.
This will happen against the backdrop of rising prices for nickel, which is used in the issuance of stainless steel. Thus, the price of nickel is currently growing most significantly of all raw materials.
«The forecast for nickel, based on supply and demand, is very positive. Nickel is a favorite among brokerage firms in 2010. It seems that the rise of prices of this metal is inevitable, «- noted experts of the company.
According to the expectations of experts, the price of nickel on the London Metal Exchange (LME) in the II quarter of 2010 may increase to 24.5 thousand. USD. / T.
Recall that at the time of trading in Singapore, the price of nickel fell by 1.3% and amounted to US $ 19.875 thousand… / T.

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