EUROPE ALLOY STEEL SCRAP: Market approaches summer slowdown

The price of austenitic stainless steel scrap remained steady in the week to Friday July 16 ahead of the summer slowdown, sources told Fastmarkets.

Fastmarkets' weekly price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK was ?1,700-1,800 ($2,352- 2,491) per tonne on July 16, unchanged week on week.
In the UK and in Europe, there is a summer slowdown in July and August - yards clear out of material before taking time off, and mills close for planned maintenance.

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