Current situation:

• Nickel prices have declined over the past 30 days to around $5.28 per lb., falling over the last 60 days about 9%. 
• U.S. tariffs on stainless steel products from China threaten to cause increasing prices for stainless pipe and fittings. However, pipe has been spared a higher determination in the current round of increased tariffs.  Import seamless stainless steel pipe is declining in the near-term due to declines in input raw materials. Supply of 304/316 ERW Pipe remains stable.