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Japan’s stainless steel mills stop export offers

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Publish time: 24th January, 2014      Source: ChinaCCM
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Japan's stainless steel mills stopped making export offers for March from the last week.

Stainless steel mills were in wait-and-see mode as nickel prices and China's nickel pig iron prices trend were unclear for now. Besides, Indonesia has implemented a new ban on the export of raw ore.

Nickel prices kept rising over US$14,500/ton and are expected to continue its upward spiral.