AvestaPolarit third quarter weaker than expected
AvestaPolarit third quarter weaker than expected In its second quarter interim report for April-June 2001, AvestaPolarit stated that the short term outlook was uncertain and that production levels would be determined by market demand. Although European cold rolled and quarto plate base selling prices held steady through the July-September third quarter, market demand was below expectations even taking into account the summer holiday effect. Demand was also weak in the USA and Asia. Nickel prices continued to fall during the quarter with average prices in September being about USD 1,600 per