The UK inter-merchant price range for austenitic alloy steel scrap rose by ?20-30 per tonne this week with nickel prices remaining strong, sources said on Friday February 2.
Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?950-980 ($1,351-1,394) per tonne delivered on Friday, compared with ?920-960 per tonne on January 26.The London Metal Exchange three-month official nickel bid/offer spread was $13,820/13,830 per tonne on February 2. This was up week-on-week from $13,765/13,770 per tonne on January 26."We have raised our offer price to deal with competition for materials, but...