Nickel scrap softens on slack demand

May 09, 2012 | 01:30 PM | Thorsten Schier

Tags  nickel scrap, new clips and solids, Inconel 600, K Monel solids, LME, Thorsten Schier

NEW YORK — Nickel scrap prices have softened amid a combination of lackluster demand and falling primary nickel prices on the London Metal Exchange.

"There’s just no marginal demand out there. Mills’ projections are good. Say a mill said they would use three truckloads a month, they’re actually using three truckloads. It’s that fourth truckload that makes the extra demand and moves prices," one dealer said.....

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