EUROPE ALLOY STEEL SCRAP: Prices steady in quiet market

Austenitic alloy steel scrap prices in the UK domestic market were largely stable this week because low demand was matched by dwindling supply, sources said on Friday November 29.

Fastmarkets’ price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was £1,170-1,250 ($1,512-1,615) per tonne on November 29, widening upward by £20 per tonne and returning to the level seen two weeks ago.

The reason for the increase was the higher...


Ross Yeo

November 29, 2019

18:30 GMT