The UK inter-merchant price range for austenitic alloy steel scrap rose by ?50-60 per tonne this week on higher nickel prices when the market returned from seasonal holidays, sources said on Friday January 5.
Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?950-980 ($1,286-1,326) per tonne delivered on Friday, compared with ?900-920 per tonne on December 29."Demand is good, but things are a bit quiet on the supply side, as is always the case in early January," one UK-based trader said.The London Metal Exchange three-month official nickel bid/offer spread was $12,500/12,505 per tonne on January 5, having risen from...