EUROPE ALLOY STEEL SCRAP: 18/8 steel scrap prices move up despite weak demand

Prices for 18/8 stainless steel scrap increased this week in Europe despite market participants insisting that demand was still at “rock bottom”, sources told Fastmarkets on Friday November 8.

While mills continued to enjoy high discounts for the nickel component of the scrap, traders said the recent fall in alloy scrap prices had happened too quickly and that scrap merchants were unwilling to...


Ross Yeo

November 08, 2019

19:31 GMT