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

US stainless steel processor buying prices were flat Friday, despite LME nickel decreased once again.


The daily Davis Index for 304 scrap solids was unchanged on Friday at 50¢/lb delivered processor yard. while 316 solids remained at 71¢/lb for single truckloads. 


Scrap 304 turnings also remained unchanged from Thursday at 45¢/lb, while316 turnings were flat at 62¢/lb. 


The three-month LME nickel contract settled at $13,060/mt, while the nickel cash contract settled at $12,990/mt. LME nickel declined by $310-315/mt on Friday from a day earlier.


Market participants expect prices to decrease on Monday if LME nickel continues trending downward.

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