EUROPE ALLOY STEEL SCRAP: Prices slide on lower nickel costs, poor demand

UK and mainland European alloy steel scrap prices fell in the week to Friday October 18, due to the decline in nickel costs and limited trading activity, sources told Fastmarkets this week.

Fastmarkets’ weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was £760-800 ($879-925) per tonne on October 18, down by £20 per tonne from £780-820 per tonne.

“Demand is low and nickel is going down,...


Maria Tanatar

October 18, 2019

17:06 GMT