The Languishing Nickel Prices
Posted Tuesday, July 16th 2013
With the price of nickel still lackluster and the demise of the western economies still uncertain when they will return to a more promising state, PT. Indoferro has announced that they will switch to producing foundry grade pig iron in September 2013.
Their size of operation, and knowledge of the industry, gives PT. Indoferro the flexibility to easily switch products without any major disturbance to their long term objectives.
It is apparent that the stainless steel producers are all carrying large inventories of both raw materials and finished product.
PT. Indoferro will announce in August the composition of the foundry grade pig iron they will be producing.