Austenitic stainless steel scrap prices for material imported into Europe increased this week because of tight supply, despite demand still being poor, Fastmarkets heard on Friday April 17.
Fastmarkets' weekly assessment of the price for stainless steel scrap 18/8 solids, import, cif main European port, was ?,?890-910 ($967-989) per tonne on Friday, up by ?,?40-60 per tonne.This was the second consecutive week with higher prices, following sharp losses in the second half of April driven by heavily reduced demand amid lockdowns related to...