EUROPE ALLOY STEEL SCRAP: UK austenitic prices fall on lower nickel costs despite tight supplies

The price of austenitic stainless steel scrap in the UK fell this week on lower nickel costs, despite supplies being tight due to the closure of many scrap-producing facilities, sources told Fastmarkets on Friday August 14.

Fastmarkets’ weekly price assessment for stainless steel scrap, 18/8 solids, domestic, delivered merchants UK, was £820-840 ($1,072-1,-1,098) per tonne on Friday, down by £20-30 per tonne from £850-880 per tonne a week ago.

The price fall was mainly driven by lower...

Published

Ross Yeo

August 14, 2020

17:03 GMT

London