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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.
It is assumed that they have taken advantage of the cheap material supply position to an extent that they are running out of storage capacity.

PT. Indoferro will announce in August the composition of the foundry grade pig iron they will be producing.

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