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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