EUROPE ALLOY STEEL SCRAP: Austenitic prices slip on weaker nickel prices

By Viral Shah / July 06, 2018 / www.metalbulletin.com / Article Link

Prices for austenitic alloy steel scrap in the UK and Europe fell this week on losses in the nickel market.

Metal Bulletin's weekly price assessment for 18/8 stainless steel solids imported into mainland Europe was ?,?1,160-1,180 ($1,355-1,379) per tonne cif main European ports on Friday July 6, down by ?,?40 per tonne from ?,?1,200-1,220 per tonne one week earlier."The double whammy of the euro strengthening against the US dollar and the nickel price falling has affected the price," one trader in mainland Europe said."The mills are also really trying to push the discount down [for nickel units in the scrap relative to the LME price]," he...

Recent News

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok