Superalloy prices rose this week following robust demand for stainless steel scrap.
The weekly Davis Index for Hastelloy C rose by 13¢/lb to $6.13/lb delivered processor yard and was up by 11¢/lb for Hastelloy X to $4.28/lb for single truckloads.
The index for Inconel 600 grew by 15¢/lb to $5.55/lb delivered and increased for Inconel 601 by 18¢/lb to $4.38/lb delivered processor yard.
Inconel 617 Vac was up by 7¢/lb to $3.90/lb delivered processor yard and Inconel 625 Vac also increased by 5¢/lb to $5.33/lb delivered. The index for Inconel 718 Vac was rose by 4¢/lb to $4.12/lb delivered processor yard.
The official LME Nickel cash contract closed Thursday at $18,695/mt, up by $515/mt from $18,180/mt on Jul 8.
Participants are seeing an increased demand for stainless steel and an upward trend in LME nickel prices that has been pushing high-temp alloy prices up since the beginning of the month. This parallel movement is expected to continue for the near term.