NSSC cuts prices of nickel alloy stainless steel scrap for May
It's said that NSSC decided to cut the prices of nickel alloyed stainless steel scrap for May as it forecasted that the scrap price may decrease further due to the sluggish nickel price.
European merchants are starting to cut buying prices for stainless scrap in an attempt to improve profit margins, sources told MB. One merchant in the Netherlands said he has dropped prices from €870 per tonne last week...