Austenitic steel scrap prices fell further this week with the negative market factors that have developed in recent weeks remaining in place. The pressure on prices came from poor demand, decreasing nickel prices and a lack of confidence that the market will pick up early in 2019.
In Europe, the price of imports of 18/8 stainless steel scrap solids was assessed at ?,?950-970 ($1,076-1,098) per tonne cif on Friday November 16, down by ?,?30 per tonne.The import price of grade-316 solids was ?,?1,500-1,550 per tonne cif on the same day, down by ?,?30-50 per tonne.In the UK market, the domestic...