11
Mar
11:40
Uncertainty slows Italian stainless steel activity
Italian stainless steel scrap activity has reached a standoff this month. Given ballooning nickel prices, scrap sellers and buyers are at odds with each other when it comes to quoting.
Last week, nickel prices ballooned and the London Metal Exchange suspended nickel trading, with scrap suppliers calling the situation a “global price inferno”.
Based on the few transactions registered this month, prices seem to have increased €300/tonne ($330/t) ve…
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Anonymous
Very good overview of the weekly steel market.
Anonymous