Stainless steel transaction values climbedsignifi cantly, in November. MEPS All ProductsAverage fi gure for grade 304 increased by3.5 percent, month-on-month. The rise waspredominantly due to the mills passing on to theircustomers their growing raw material costs, mostnotably for nickel. The metal’s price has been onan upward trend since September, with a sharpspike in the wake of the US presidential election.
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