Current situation:

  • Nickel prices have fallen over the past 30 days to @$5.37 per lb. ($5.84 in the last update).  Warehouse levels were up again this month at 233,682 tons (215,802 tons in the last update).
  • Producer prices for stainless pipe were up through February, rising by 3.1% M/M (down 1.5% last month); however, they were up 2.2% Y/Y (up 1.7% last month).