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UK 18/8 stainless steel scrap solids prices increase on fluctuating Ni, increased demand

February 10, 2012 - 14:38 GMT Location: London

KEYWORDS: UK stainless scrap prices , 18/8 prices

Prices for intermerchant 18/8 stainless steel scrap solids increased this week on a rise in nickel costs and increased demand.

18/8 prices stood at £1,300-1,350 ($2,057-2,136) per tonne on Friday February 10, down from £1,275-1,325 a week ago. Prices were higher midweek, with a merchant reporting on Wednesday numbers as high as £1,380 per tonne after the LME nickel market broke through $22,000 per tonne. Levels fell back o Friday as nickel dropped, however. “It did touch $22,000...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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Ferrous

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Ferrous Scrap

May 24, 2012 14:50 DAILY SCRAP REPORT: Small Black Sea buyers sell off cargoes
May 24, 2012 00:29 Harsco renews three multiyear contracts in US
May 23, 2012 14:45 DAILY SCRAP REPORT: Index unchanged on lack of new offers
May 23, 2012 10:24 China halts scrap imports on weak domestic market
May 23, 2012 00:35 US recyclers facing bankruptcy filings

Comment & analysis

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