The cost of austenitic alloy steel scrap in Europe increased during the week to Friday February 12 because of higher nickel costs and an ongoing shortness of supply, sources told Fastmarkets.
Fastmarkets' weekly price assessment of stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?1,130-1,180 ($1,562-1,631) per tonne on Friday, an increase of ?30 per tonne week on week from ?1,100-1,150 per...