August 2012 | Stainless Steels
European 18/8 stainless steel scrap demand in decline: Scrap Highlights
Scrap traders are pessimistic as nickel prices are weak leading to slower scrap collection rates through August
Prices for 18/8 stainless steel scrap declined in August, as mill demand continued to deteriorate during the slow summer period across Europe. Imports of 18/8 stainless steel scrap were particularly affected as mills avoided purchasing large volumes of material. Although purchasing activity was relatively sluggish throughout the month, we believe there may be a slight rebound in...
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