EUROPE ALLOY STEEL SCRAP: Grade 18/8 prices rise on higher nickel costs; fundamentals stable

The price for grade 18/8 alloy steel scrap increased due to higher nickel costs, while underlying market fundamentals remained stable, sources told Fastmarkets on Friday October 22.

Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was £1,340-1,440 ($1,850-1,988) per tonne on Friday, up by £10-40 per tonne from £1,330-1,400 per tonne the previous week.

Published

Ross Yeo

October 22, 2021

17:09 GMT

London