Consumer stainless scrap prices fall in US

Consumer stainless steel scrap prices for May confirm a continued weak market in the United States.

The monthly average of the London Metal Exchange cash nickel contract fell to $11,951.67 ($5.42 per lb) as of Tuesday May 14 from the April average of $12,819 per tonne, showing continued weakness in the market. Nickel prices averaged $14,356.43 per tonne in May 2018. The discount consumers use against the nickel average was steady for the 304 grade but was...

Published

May 14, 2019

22:44 GMT

Pittsburgh