Alloy steel scrap prices followed divergent trajectories this week in Europe and the UK as a result of differing market fundamentals.
In Europe, 18/8 scrap solids prices fell amid poor demand, while grade-316 solids prices edged higher because of very tight supplies. In both cased, however, market activity has been very slow and price movements were only marginal. Fastmarkets' price assessment for 18/8 solids imported into Europe was ?,?980-1,030 ($1,115-1,172) per tonne cif on Friday November 2, down by ?,?10 per...