Fire Sale Gimpoo is back.
Stainless steel stocks are still higher than they were when the LME forced the "collapse" of the nickel industry, particularly in Europe and the US. Hopefully these stocks can be sold off soon so we can enter the recovery mode like you suggested.
Did you see my post suggesting that SS manufacturers may actually build up extra contingency stocks of SS early next year. They were unable to do this earlier in this year as nickel was too expensive. But it would absorb any additional production and keep prices up.
Looks good.
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