Stainless Steel Scrap Prices Strengthen in Europe

European stainless scrap prices strengthen

The price of stainless scrap in Europe is being boosted due to LME nickel price breaking US$20,000/ton.

So far, the market prices of stainless scrap 18/8 are prevailing at US$1,873/ton in UK.

According to European traders, it is expected that the demand for stainless scrap in March will keep growing, up by 20 percent from February.  The stainless scrap market in Europe currently is in a tight supply, but the demand remains strong so that the price is soaring constantly.

Courtesy YIEH