EUROPE ALLOY STEEL SCRAP: Prices slip on weak demand, aggressive negotiations

European and UK alloy steel scrap prices have decreased this week because of soft demand and aggressive negotiations by mills, Fastmarkets heard on Friday June 14.

Demand for alloy steel scrap was weak because of similarly poor demand for finished stainless steel products. Scrap traders have reported selling lower volumes than usual in the first half of June, and this situation was only likely to get worse when the usual summer slow season took effect around the end of June. In addition to the lower volumes, traders also said that mills were aggressively negotiating prices for July volumes. When...

Published

Ross Yeo

June 14, 2019

18:02 GMT

London