Over the past year, we’ve observed a notable downward trend in LME nickel, reaching its lowest point year-to-year. This trajectory has significantly impacted stainless steel pricing, which has now returned to levels comparable to last year's lows.
As we move into a period marked by potential shifts in U.S. economic policy, the forthcoming election introduces critical variables for commodity markets. The election outcome may either redirect cash flow back to commodities or sustain elevated interest rates, applying further downward pressure on essential goods pricing. Both scenarios hold the potential to shape our industry's cost structure and demand in the short and medium terms.
Comments