Prices on British briquetted stainless steel scrap declined ?10 ($15) due to the reduction of LME prices for Nickel. Early last week has already been observed, this decrease due to reduction in price of Nickel, according to market participants. The price of scrap 18/8 is now ?1070-1090 ($1620-1650) per tonne compared with the level last week ?1070-1100 ($1620-1666) per ton. In the market of scrap steel as there is a shortage of supply, among the causes which called the reduction of production and the abolition of the production facilities.
MetalTorg.Ru