Nickel Prices Plummet to 2020 Lows

Via Metal Miner The Stainless Monthly Metals Index (MMI) remained sideways, with an upside bias. Meanwhile, nickel prices dropped to lows last seen in 2020. Overall, the index rose by 2.16% from March to April. Buyers Hold Back from Stainless Market The U.S. stainless steel market remains lackluster. While March witnessed a modest increase in shipments, some suppliers noted that the overall market felt weak. Meanwhile, prices appeared stable during the month, with suppliers noting little change despite Outokumpu’s recent discount announcement. …