Austenitic prices in Europe for alloy steel scrap have been stable this week in typically quiet summer activity, while in the UK some small reductions reflect slightly softer nickel prices.
Overall, however, participants described both markets as essentially static. With most mills carrying out maintenance work, demand is low.Supply is available but not abundant and there is no pressure on prices from fundamentals, traders said.Metal Bulletin's weekly price assessment for 18/8 stainless steel solids imported into mainland Europe was ?,?1,140-1,150 ($1,325-1,336) per tonne cif...