Austenitic alloy steel scrap prices in the UK market decreased further this week - low demand from stainless steel mills remains the dominant factor in the market.
Fastmarkets MB assessed the price of grade-316 scrap solids at ?1,200-1,230 ($1,530-1,619) per tonne delivered, down from ?1,220-1,300 a week earlier, while the price of 18/8 scrap solids fell to ?770-800 per tonne from ?780-830 per tonne previously. "You'll struggle...