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

US Superalloy prices increased on Thursday following the rising need for these alloys to meet the strong demand for stainless steel.


The weekly Davis Index for Hastelloy C rose by 12¢/lb to $6/lb for single truckload delivered processor yard and was up by 7¢/lb for Hastelloy X to $4.17/lb delivered. Inconel 600 grew by 10¢/lb to $5.40/lb while Inconel 601 increased by 7¢/lb to $4.20/lb delivered processor yard.


Inconel 617 Vac moved up by 9¢/lb to $3.83/lb delivered processor yard and Inconel 625 Vac jumped by 22¢/lb to $5.28/lb delivered. The index for Inconel 718 Vac rose by 3¢/lb to $4.08/lb delivered processor yard. 


The official LME Nickel cash contract closed Thursday at $18,180/mt, up by $98/mt from $18,082/mt on Jul 1.


Superalloys are filling in for stainless steel due to the strong demand and tight supply of the latter from mills. Moreover, a recovery in the aerospace segment has also pushed up the prices for superalloys. Processors expect superalloy prices to rise further if the demand for stainless steel scrap keeps increasing. 



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