The UK inter-merchant price range for austenitic alloy steel products rose by ?10-20 per tonne this week, with the nickel price strengthening over the week, sources said on Friday March 16.
Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?960-1,000 ($1,340-1,396) per tonne delivered on Friday, compared with ?950-980 per tonne on March 9."The nickel price has been healthy this week, reaching nearly $14,000 per tonne, so we've moved our buying price up," one UK trader said.The London Metal Exchange three-month official nickel bid/offer spread was $13,790/13,800 per tonne on March 16. This was up week-on-week from $13,385/13,390 per tonne on March 9. The price spread reached $13,970/13,980 per tonne on March...