The price of austenitic stainless steel scrap in the UK fell this week on lower nickel costs, despite supplies being tight due to the closure of many scrap-producing facilities, sources told Fastmarkets on Friday August 14.
Fastmarkets' weekly price assessment for stainless steel scrap, 18/8 solids, domestic, delivered merchants UK, was ?820-840 ($1,072-1,-1,098) per tonne on Friday, down by ?20-30 per tonne from ?850-880 per tonne a week ago.The price fall was mainly driven by lower...