EUROPE ALLOY STEEL SCRAP: Grade 18/8 prices down on weak demand, soft nickel

摘要

Prices for grade 18/8 alloy steel scrap in the UK and Europe decreased in the week ended Friday October 19, largely because of weak demand.Market participants described an extremely slow alloy scrap market in general, with trading levels diminished both through low demand from stainless steel mills and also by limited supplies.Mills have been buying lower-than-normal quantities of alloy scrap in October because of the weakness in the stainless steel market. Scrap supply was also very low, particularly in continental Europe, although sources were unable to identify the underlying reason.