UK stainless steel scrap prices track volatile nickel costs

The price of stainless steel scrap in the domestic UK market was up in the seven days to Friday November 26 on sharply higher nickel costs, but also tracked the subsequent decline in nickel in the latter part of the week, sources told Fastmarkets.

Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was £1,450-1,540 ($1,933-2,053) per tonne, up by £30-40 per tonne week on week from £1,420-1,500 per tonne.


Ross Yeo

November 26, 2021

18:47 GMT