As we all now the main driver of alloy pricing is nickel pricing, in other words what you pay for fabricated baskets, cast radiant tubes, base trays, muffles and every other component which goes into a furnace is largely determined by the price of nickel. At the low end of the scale HK material consists of roughly 20% nickel, at the high end of the scale you find Inconel 600 material with a nickel content of at least 72%. So how are we doing this year? Not bad at all as you can see in our 1 year graph of nickel pricing. We feel confident in saying that there will not be dramatic swings in alloy pricing either up or down in the short term.

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