EUROPE ALLOY STEEL SCRAP: Austenics prices rise but correction likely on late nickel fall

The price of austenitic steel scrap in the UK and Europe moved up in the week ended Friday February 26, but a drop in the price of nickel on Friday meant that a downward correction next week was likely, sources have told Fastmarkets.

Fastmarkets’ weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was £1,200-1,210 ($1,694-1,708) per tonne on Friday, an increase of £10-50 per tonne week on week from £1,150-1,200...

Published

Ross Yeo

February 26, 2021

18:00 GMT

London