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Stainless steel raw material price increase in May , 2014

London Metal Exchange (LME) nickel near 15-month high volatility, supported by rising prices of nickel ore.

After Indonesia prohibiting the exportation of ore  in January , ore inventories Chinese nickel iron producers dropped. China's nickel ore prices soared this year, due to restrictions in Indonesia nickel iron raw material - export of nickel ore.

 

Nickel iron is refined nickel production of raw materials for stainless steel alternatives.