EUROPE ALLOY STEEL SCRAP: Domestic traders priced out of grade-316 market by Asian demand

European traders have complained of being priced out of the market for domestic grade-316 stainless steel scrap because of high demand from Asian importers, Fastmarkets heard on Friday April 12.

One European trader was offered grade-316 scrap solids at €1,650 ($1,859) per tonne delivered, but declined the deal because it did not think it would be able to achieve a positive margin when selling the product on to European stainless steel mills. The same trader had seen an exporter purchase similar material at...

Published

Ross Yeo

April 12, 2019

16:52 GMT

London