February 2017 | Stainless Steels
Slight decline in European, US prices: Scrap Highlights
The LME cash nickel contract has remained largely stable m-o-m, fluctuating within the $10,000 – 11,000/t range for some months now
MBR understands that the stainless scrap market in the USA remained tight this month, with AMMs assessment of US 18/8 bundles and solids prices failing to unwind the large gains achieved through December 2016 and particularly January 2017. The LME cash nickel contract has also remained largely stable m-o-m, fluctuating within the $10,000 11,000/t range for some months now. The limited revocation of Indonesias nickel ore export ban has brought uncertainty into the outlook for markets with relatively...
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