The price of austenitic alloy steel scrap imported into Europe decreased on Friday February 15 because of lower nickel prices, Fastmarkets has heard.
The price of 18/8 steel scrap solids imports was assessed on Friday at ?,?1,000-1,040 ($1,128-1,173) per tonne cif, narrowing downward by ?,?10 per tonne.The modest scale of the price change was related to the fact that nickel prices only began decreasing this week, having risen fairly steadily since the beginning of 2019, and market participants were waiting to see to what extent the...