Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

US stainless steel processor buying prices remained unchanged on Friday despite an increase in LME nickel.


The daily Davis Index for 304 scrap solids remained at 48¢/lb delivered processor yard and 316 solids were at 68¢/lb for single truckloads. 


Scrap 304 turnings also held at 42¢/lb, while 316 turnings were unchanged at 59¢/lb. 


LME nickel prices finally saw an increase in the week with the official three-month LME Nickel contract settling at $12,760/mt on Friday, up by $135/mt. The official cash contract closed Friday at $12,675/mt, up by $140/mt from Thursday. 


Market participants suggest that the market has been flat currently with steady consumer demand holding them at current levels. 

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