EUROPE ALLOY STEEL SCRAP: Prices edge higher on supply tightness amid weak demand

The price of austenitic stainless steel scrap prices in Europe moved slightly higher in the week to Friday May 22 on scarce availability despite demand remaining at low levels, sources told Fastmarkets.

Fastmarkets’ weekly stainless steel scrap 18/8 solids domestic, delivered merchants UK assessment was £750-800 ($916-977) per tonne on Friday, up by £20 per tonne on the low end from £730-800 per tonne the week before.

Industries such as automotive, aerospace and white...

Published

Ross Yeo

May 22, 2020

16:58 GMT

London