Wouldn't the declining price fuel a declining inventory?

Some factors lead and or lag others. We know that price is probably the quickest and most volatile factor in this equation.

Cutting back SS demand has it impact as well. But I would say a declining price makes things happen right through the metal food chain. Inventory drops as the metal is used. Now factor in the supplier who responds to prices and costs associated with providing the Nickel.

We do know that at these Ni. prices the "cheaper" alternative Pig is becoming no alternative at all.

A neat little circle