The price of alloy steel scrap in the United Kingdom and Europe moved up this week on low availability and slightly higher nickel costs, Fastmarkets heard on Thursday May 7.
Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?730-800 ($902-988) per tonne on May 7, up by ?30-50 per tonne since May 1.With important sources of stainless steel scrap - such as the automotive and white goods sectors - operating at heavily reduced levels, scrap supply has dwindled even...