Remember guys that pig iron nickel is finished at these prices there is 100,000t pa gone from supply also talk of russians cutting production and also cvrd cutting nickel projects in brazil as well , my point is that supply is dropping fast and yet stainless steel production is still growing globally with european ss production a little weak and remember it is quiet in europe due to summer holidays, china/asian ss production is still strong and growing,so be cautious as nickel could be forming a base.
xstrata takeover, page-32
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