Articles Tagged "steel prices"

Strengthening greenback puts downward pressure on Nickel

By Leia Michele Toovey- Exclusive to Nickel Investing News London Metal Exchange nickel dropped by approximately five per cent to two week’s low as the stronger greenback made the metal more expensive for holders of other currencies. Nickel dropped by 4.7 per cent to US$19,300 a tonne, it’s lowest since August 20, 2008. LME inventories [...]

Low nickel prices drop stainless steel costs

By Leia Michele Toovey- Exclusive to Nickel Investing News On Tuesday, there was a rapid sell-off in all of the industrial metals as worries about the health of the global economy prompted investors to dump commodities. The drop in the price of nickel was short-lived, though. On Wednesday, nickel jumped to $19,175 compared to $18,100 as [...]