Chinese stainless steel futures surged more than 4% on Tuesday, boosted by tight supply hopes as producers cut production, while strong raw material nickel prices also offered support." Domestic stainless steel firms are stepping up maintenance in the first quarter, while affected by the Spring Festival holidays and Beijing Winter Olympics; overall production is expected to be limited," analysts with Jinrui Futures wrote in a note. Meanwhile, stainless steel is also underpinned by nickel prices
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2022-01-11 00:00:00.0