EUROPE ALLOY STEEL SCRAP: UK prices narrow upwards as nickel costs rise

The UK inter-merchant price range for austenitic alloy steel products narrowed upward by £10 per tonne this week as the price of nickel rose sharply, sources said on Friday April 13.

Metal Bulletin’s weekly price assessment for inter-merchant 18/8 scrap solids in the UK was £950-980 ($1,349-1,392) per tonne delivered on Thursday, compared with £940-980 per tonne on April 6. The London Metal Exchange three-month official nickel bid/offer spread was $14,025/14,050 per tonne on April 13. This was up sharply from $12,900/12,920 per tonne on April 6. “Now that the LME nickel price is more than $14,000 per tonne, we may have to raise our...

Published

Viral Shah

April 13, 2018

16:25 GMT

London