Police in Sweden are investigating the theft of 100 barrels of nickel plates weighing 150kg each and worth SKr2.4 million ($362,000) from engineering group Sandvik in Hallstahammar between October 19 and 22.

The thieves entered a storage facility and cut open a fence to transfer the barrels on to a truck, before rolling them down the bank of a small river and escaping with the goods by boat, according to Swedish press.

A number of footprints were found on the hill, but police have no other leads or suspects, the media reports said.

A company official could not provide further detail during the police investigation.

Janie Davies 
jdavies@metalbulletin.com
Twitter: @janiedavies_mb

Nina Nasman 
nnasman@steelfirst.com
Twitter: @NNasman_SF