Europe import prices for austenitic alloy steel scrap softened this week as the effect of high nickel prices was offset by sluggish demand, sources told Metal Bulletin on Friday June 1.
Metal Bulletin's weekly price assessment for 18/8 stainless steel solids imported into mainland Europe was ?,?1,180-1,200 ($1,379-1,402) per tonne cif main European ports on Friday, down from ?,?1,200-1,240 per tonne cif on May 25."Quantity wise, surprisingly, we were going full throttle but we've now hit a brick wall. We can't sell, the mills don't want to order," a trader said. While the reasons for the slow demand are unclear, suggested explanations...