The price of grade-316 stainless steel scrap imported to Europe increased sharply on tight supply in the week to Friday August 28, sources told Fastmarkets.
Fastmarkets' weekly price assessment of stainless steel scrap 316 solids import, cif main port Europe was ?,?1,420-1,440 ($1,679-1,702) per tonne on Friday, up by ?,?50 per tonne from ?,?1,370-1,390 per tonne a week earlier.One trader said that while it had already secured its required...