EUROPEAN ALLOY STEEL SCRAP: Europe import prices down on weak demand despite low supply

European import prices for alloy steel scrap decreased over the past week because of soft demand even though supply was also limited, sources told Fastmarkets on Friday May 24.

The price of 18/8 stainless steel scrap solids imported to Europe was assessed by Fastmarkets on Friday at €940-970 ($1,049-1,082) per tonne cif, down by €50-60 per tonne week on week. “Our [scrap] suppliers are complaining of low volumes. It’s [because of] the economy. But the mills are pushing really hard [for lower prices], and there are always people who need to sell [to generate] cash flow,” a...

Published

Ross Yeo

May 24, 2019

18:40 GMT

London