by espsteel | Jun 13, 2014 | Industry News
Back on June 6, American Metal Market ran an article that was titled “Strong demand boosts stainless prices”. Here at ESP, we strongly support the view offered from that article, particularly as it relates to long products. It appears the higher pricing...
by espsteel | May 16, 2014 | Industry News
Nickel prices plunged 11 percent May 13 and 14 , and probably will fall 15 percent further in 12 months to $16,000 a metric ton, Goldman forecasts. Nickel had surged this year following a January ban on ore exports by Indonesia, the world’s largest supplier from...
by espsteel | Sep 24, 2013 | Industry News
In its latest report, the Manufacturers Alliance for Productivity and Innovation (MAPI) reduced its growth estimates for 2013 and 2014. MAPI expects the U.S. economy to expand 1.6 percent in 2013. Manufacturing production, MAPI says, will expand 2.2 percent this year,...
by espsteel | Aug 5, 2013 | Industry News
We have all been watching the drop in the nickel surcharge over the last few months. The current spot market price for nickel (go to www.kitco.com) is as low as it has been since April 2009. At the same site, you can look at the LME (London Metals Exchange) nickel...
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