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The price of stainless steel scrap is going down
2023-06-29, Stainless steel prices
As the price of nickel decreases in metal exchanges, the purchase prices of stainless steel scrap also decrease. From the beginning of 2023 to the end of June, the price of nickel fell by almost 40%. In the first days of 2023, the nickel price was $31.2/kg, on June 28, the nickel price was only $19.85/kg. Since the price of stainless steel scrap largely depends on the price of nickel, the purchase price of stainless steel scrap decreased accordingly. According to the website scraprice.com, the highest price of stainless steel scrap in the last days of June 2023 was in Turkey and reached almost €2/kg. The price of stainless steel scrap was also high in other countries: Denmark, Germany and the United Kingdom.
Read moreScrap stainless steel prices going up because price of nickel is rising
2022-01-18, Stainless steel prices
Stainless steel scrap prices are rising
With the start of 2022, the price of nickel began to rise. According to metal stock exchange prices, the price of nickel was about $ 21,000 per tonne at the beginning of the month, and as of January 17, 2022, the price had risen to as much as $ 22,800 per tonne. It can be said that the price of nickel increased by about 8-9% during this period. After the price of nickel rose, the purchase price of stainless steel scrap increased accordingly. This is because the prices of stainless steel scrap depend largely on the price of nickel. Following an increase in the price of nickel in early 2022, there has been an increase in the purchase price of stainless steel scrap.
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