As the price of nickel continues to decline on the LME, EU mills have decided to reduce their alloy surcharge by around EUR 600/tn for September deliveries. The Nickel price on the LME fell to USD 29,000/tn, with its lowest level to USD 28,850/tn on 3 August. Alloy surcharges in Europe have reduced for 2 consecutive months in a row.
