EUROPE ALLOY STEEL SCRAP: Weak demand pushes prices down further

European austenitic alloy steel scrap prices dropped again this week, pressured lower by poor demand, sources told Fastmarkets on Friday September 27.

Fastmarkets’ weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK was £780-820 ($963-1,012) per tonne on Friday, down by £40-50 per tonne from a week earlier.

This is the third consecutive week that decreases have been driven by low consumption, with the price...

Published

Ross Yeo

September 27, 2019

17:35 GMT

London