Stainless steel scrap buyers mull alternative to 'volatile' LME nickel price

More stainless steel producers were considering whether to turn away from using an exchange price to fix the cost of the nickel portion in scrap material, after trade in nickel was suspended on the London Metal Exchange in March when there was a wild spike in the price.

“Over the past 10 weeks, we have been using the old-school method, just making bids and coming up with a fixed number [in nickel pricing] where the stainless scrap supplier...


Julian Luk

May 25, 2022

17:55 GMT