EUROPE ALLOY STEEL SCRAP: Prices trend upward on higher nickel costs, tight supply

June 05, 2021 / www.metalbulletin.com / Article Link

The price of stainless steel scrap in the UK and Europe moved upward this week amid higher nickel costs and persistent short supply, Fastmarkets heard on Friday June 4.

Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, widened upward week on week to ?1,150-1,240 ($1,626-1,753) per tonne on Friday, compared with ?1,150-1,180 per tonne previously.

Trading had started the week in the UK...

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