EUROPE ALLOY STEEL SCRAP: Prices stable due to absence of buying interest

Prices in the UK and mainland Europe alloy steel scrap markets were unchanged this week because of an almost complete lack of buying interest, sources told Fastmarkets on Friday October 4.

Demand from European stainless steel mills is extremely low, traders said, because of weak demand globally for stainless steel that has led mills to reduce their production rates. With mills producing less stainless steel, their requirements for feedstock alloy steel scrap has been...

Published

Ross Yeo

October 04, 2019

16:32 GMT

London