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UK, European stainless 18/8 scrap solid prices stable as nickel weakens

January 03, 2014 - 17:18 GMT Location: London

KEYWORDS: stainless steel scrap , stainless scrap prices , LME , nickel price

Prices in the UK for stainless steel scrap solids have remained unchanged this week, as the price of nickel weakened again following a rise at the end of the year, market sources told Metal Bulletin sister title Steel First on Friday January 3.

Both UK domestically produced 18/8 solids and material imported into Europe saw their prices go unchanged. The London Metal Exchange’s official three-month nickel bid/offer price spread ended the week on $13,915/13,920 per tonne, down from...

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