Alloy steel scrap prices in Europe increased in the week ended Friday February 1 because of higher costs for nickel and molybdenum.
The largest gains were seen in the price of European 18/8 scrap solids imports, which moved up by ?,?20-40 per tonne to ?,?940-980 ($1,079-1,125) per tonne cif on Friday.The UK domestic price for 18/8 solids increased more modestly, with traders complaining that mills were largely...