EUROPE ALLOY STEEL SCRAP: Prices unchanged on nickel stability, subdued summer trading

Prices for alloy steel scrap in the UK and Europe were stable this week amid heavily subdued trading and largely flat nickel prices, Metal Bulletin learnt on Friday July 13.

Metal Bulletin’s weekly price assessment for 18/8 stainless steel solids imported into mainland Europe was €1,160-1,180 ($1,354-1,378) per tonne cif main European ports on July 13, unchanged week on week. In the UK, the domestic price for similar material was also stable at £960-1,020 ($1,268-1,347) per tonne delivered. After the significant recent losses that pushed alloy steel scrap prices down last week, nickel prices were largely steady this week. On July 13, the London Metal Exchange three-month official nickel bid/offer spread was $13,970/13,975 per...

Published

Ross Yeo

July 13, 2018

18:38 GMT

London