EUROPE ALLOY STEEL SCRAP: Austenitic prices move up on strong demand, tight availability

July 13, 2021 / www.metalbulletin.com / Article Link

The price of austenitic stainless steel scrap increased in the week to Friday July 9, particularly for grade-316 material, driven by strong demand amid ongoing tight availability, sources told Fastmarkets.

Fastmarkets' weekly price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK was ?1,700-1,800 ($2,362-2,502) per tonne on July 9, widening upwards by ?60 per tonne week on week.
"Demand from mills for [grade-316 stainless steel scrap] has been up for a while now. Coupled with the lack of product, it's pushing prices up," a trader said.

While tight availability -...

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