The price of austenitic stainless scrap in the UK and Europe increased in the week to Friday January 8 on rising nickel costs and tight supply, sources told Fastmarkets.
Fastmarkets' weekly price assessment of stainless steel scrap 18/8 solids, domestic, delivered merchants UK increased to ?1,020-1,100 ($1,385-1,494) per tonne on Friday, up by ?40-50 per tonne from ?980-1,050 per tonne on December 31.The three-month nickel contract...