November 15, 2021 – It is possible that Indonesian nickel ore prices were kept artificially low through market manipulation. The Indonesian anti-monopoly authority is currently investigating this suspicion. In Europe, low-carbon ferro-chrome prices rose by up to 10% last week due to scarce availability. And the Stainless Steel World trade fair in the Netherlands from 30 November to 2 December 2021 has been cancelled by the organiser.
Low-carbon ferro-chrome in short supply in Europe
European low-carbon ferro-chrome prices have risen by up to 10% in the last week due to scarce availability. This is due to high demand and increased energy costs. This has led to some producers apparently not even having spot quantities available.
Have nickel ore prices been kept artificially low?
According to media reports, the Indonesian anti-monopoly authority KPPU is investigating the suspicion that nickel ore prices may have been kept artificially low. It is possible that the prices were depressed by domestic nickel smelters through manipulation. If this suspicion is confirmed, the question arises what will happen to the nickel price if it is no longer kept artificially low?
Stainless Steel World 2021 in Maastricht, Netherlands cancelled
As we had to learn to our great regret last week, the trade fair Stainless Steel World 2021 in Maastricht has been cancelled by the organiser KCI due to the current pandemic situation in the Netherlands. The organiser has postponed the fair until the end of September 2022.
- Stainless Espresso: EU stainless steel market expects no changes
- Stainless Espresso: Asian coal prices on the rise again
- Stainless Espresso: Scarce aluminium stocks
We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.