EUROPE ALLOY STEEL SCRAP: Prices firm on higher nickel, molybdenum costs

Alloy steel scrap prices in Europe increased in the week ended Friday February 1 because of higher costs for nickel and molybdenum.

The largest gains were seen in the price of European 18/8 scrap solids imports, which moved up by €20-40 per tonne to €940-980 ($1,079-1,125) per tonne cif on Friday. The UK domestic price for 18/8 solids increased more modestly, with traders complaining that mills were largely...

Published

Ross Yeo

February 01, 2019

17:28 GMT

London