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30 Aug
10:52

French stainless scrap hikes on skyrocketing nickel

Stainless steel scrap prices in France are rising for September contracts due to the recent jump in nickel, Kallanish learns.  Grade 304 stainless scrap starts for September at €1,100/tonne ($1,214/t) ex-works. Buyers pay €20-30/t on average for delivery. If nickel remains at its current high levels, values for 304 are seen gaining further by the end of the month for October contracts. The French market, like most parts of Europe, is only slo…
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