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SS producers to cut nickel purchases

                   Release time: 2007-6-14 10:25:57     Visit frequency: 165

European stainless steel mills are decreasing their purchase of nickel for the second quarter while three-month nickel price soared to USD 47,150 on the LME, market sources said. Stainless steel makers in Europe have recently been suffering from the sky-high cost of nickel and are struggling to maintain a low level purchase on nickel, some have also been canceling nickel orders.
Information sources:   Releaser: The web of CE
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