According to market participants, Chinese Taiwan's market situation was sluggish after the Lunar New Year. They originally expected that the order intake in March would not be very good, and the order volume might drop by 10% compared to last month. However, the EU's preliminary judgment on the anti-circumvention investigation exempted Taiwanese stainless steel plants, allowing the EU market, which has been frozen for nine months, to begin to recover.
Although there are still some difficulties in exporting to the European market, midstream and downstream steel mills have obviously experienced an increase in orders. In addition, the LME nickel price has been maintained at a certain price recently and has been rising since the end of February, which has an incentive effect on the market.
Source: YIEH
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