June 2009 | Stainless Steels
Scrap prices edge up through May: Scrap Highlights
The stainless scrap markets have seen some price increases through May and the beginning of June.
The last month has seen some stabilisation in stainless scrap prices, followed by increases as the price of nickel recovered from its decline at the end of May to reach $14,000/tonne by the first week of June. The initial firming of the LME nickel price led to some scrap price increases in mid May; in the UK 18/8 solids were pushed up to £750-780/tonne ($1,142-1,188/tonne at...
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