UK, EU alloy steel scrap prices under pressure from negative demand outlook

Traders of stainless steel scrap in the United Kingdom and Europe are facing price pressure from expectations of poor mill demand in the fourth quarter, sources told Fastmarkets on Friday August 25.

Prices for 18/8 (grade 304) solids in the UK and Europe narrowed down this past week, albeit only slightly, for the second week running.

“We’re trying wherever possible not...


Ross Yeo

August 25, 2023

16:36 GMT