Inconel is a Nickel-chromium alloy that has good corrosion resistance and strength at high temperatures. It is used in aircraft engines, thermal power plants and other industries that require components that are durable and strong.
This alloy is also used in marine applications and can be welded without loss in mechanical properties. There are different grades of this metal that vary in their chemical composition and properties.
Scrap Inconel can be recycled into flat bars, rods and wires. The alloy is very hard to damage so this metal can be recycled many times over if it is properly processed.
The inconel price has a wide range, depending on the grade and type of mill that it is being sold to. If it is a higher grade of alloy, it will have more value than lower grades.
In the US market, inconel prices have been rising since the beginning of 2022. This has been driven by a shortage of raw materials, especially nickel-chromium and molybdenum. Additionally, the global supply chain has been limited due to ongoing geopolitical events.
This has prompted a number of mills to reduce production capacity in order to balance supply and demand. Meanwhile, firms have been passing on increased costs to buyers in the form of production charges.
However, there is a growing amount of uncertainty in the US economy, with company activity declining during the third quarter of 2022. With this, the demand for Inconel is likely to be weaker than expected.
