Massive losses continue in UK, Europe stainless steel scrap markets on low mill demand

The price of stainless steel scrap in the United Kingdom and Europe recorded huge decreases for the third consecutive week because of very low demand from mills, market sources told Fastmarkets on Friday May 27.

Fastmarkets’ weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was £1,300-1,500 ($1,636-1,888) per tonne on Friday, down by £200 per tonne from £1,500-1,700 per tonne...

Published

Ross Yeo

May 27, 2022

16:05 GMT

London