UK 18/8 stainless steel scrap solids prices drop on LME nickel fall

Mar 30, 2012 | 08:39 AM |

Prices for 18/8 inter-merchant stainless steel scrap solids dropped back on Friday March 30 as falls in nickel costs over the past week put pressure on merchants’ selling prices. Inter-merchant prices dropped by £50 ($80) per tonne on the fall in London Metal Exchange nickel prices and a lack of trade over the week, merchants said. The range for solids fell to £1,130-1,180....

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