NICKEL TAKES CENTER STAGE AT PITTSBURGH ROUNDTABLE

摘要

Nickel prices have gone through the stratosphere in 2006, making it a memorable year. This heady market gave scrap recyclers a lot to talk about at the Pittsburgh Chapter's nickel/stainless roundtable, held Sept. 21 in Pittsburgh. In the first quarter, nickel ranged narrowly between 14,500 dollars and 15,000 dollars a mt, but it "exploded" in April and May, trading up to 23,000 dollars a mt, said Simon Merrills, CEO of ELG Metals Inc. (McKeesport, Pa.), one of the round-table's four speakers. Nickel kept rising in July, when the average spot price shot to 26,585 dollars a mt, followed by an even higher August average of 30,743 dollars, he reported. As of September, he added, nickel was on track to post an annual average greater than 20,000 dollars a mt.