The price range for austenitic alloy steel scrap imported into mainland Europe rose by ?,?10-30 per tonne week-on-week on Friday February 16, after the nickel price rose sharply.
Metal Bulletin's weekly price assessment on Friday for 18/8 stainless steel solids imported into mainland Europe was ?,?1,150-1,160 ($1,435-1,448) per tonne cif main European ports, compared with ?,?1,120-1,150 per tonne cif on February 9.The London Metal Exchange three-month official nickel bid/offer spread was $14,070/14,075 per tonne on February 16. This was up sharply week-on-week from $12,995/13,000 per tonne on February 9."In addition to the higher nickel price, people on the [European] continent are short of...