UK stainless scrap prices rise on firming demand and strong nickel

London 03 July 2009 16:55

UK stainless scrap prices increased again on firming of demand and continued strength in nickel, market participants told MB. Although mills are ordering more scrap than earlier in the year, a shortage of material is making it difficult for stainless scrap processors to deliver stock, which, in turn, means getting squeezed by merchants who still have scrap to sell, they added. “There is some strength in the market: mills are paying reasonable prices and ordering bigger quantities than they have been,...

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UK stainless scrap prices rise on firming demand and strong nickel

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