Stainless steel scrap in the UK domestic market has increased by £30 to 40/ton. The increase in the price of scrap is mainly due to the fluctuating price of nickel during July. Many British traders have also dropped their monthly orders and are favoring spot trade. The current nickel price remains unstable and it is expected that it remain unstable for a while. Domestic scrap demand in the UK is expected to be stable during August. (Aug. 9)