Prices for briquetted scrap 18/8 decreased to ?1100-1125 ($1730-1771) per tonne compared to ?1100-1150 / tonne a week ago. One of the traders put a even lower price ?1070-1020 per ton. However, at the same time three broker said that sales volumes are now slightly higher than a week ago, when Nickel prices reached record low levels.
"Prices on black scrap are falling," they add, explaining that 75% of the scrap price of stainless steel depends on it.
MetalTorg.Ru