The price of 18/8 (grade-304) stainless steel scrap in the United Kingdom domestic market decreased during the week to Friday November 5 on lower nickel costs, but the losses were capped by tight supply, sources told Fastmarkets.
Indeed, in the European market, prices were largely unchanged, despite the lower nickel costs, because material is so tight.Fastmarkets assessed stainless steel scrap 18/8 solids domestic, delivered merchants UK at ?1,350-1,420 ($1,833-1,929) per tonne on Friday,...