Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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October 2019 | Stainless Steels

European prices continue to slump: Scrap Highlights

Last month we highlighted that European prices of grade 304 scrap were priced at just under 60% of the equivalent value of the primary raw materials contained within the scrap (i.e. chrome, nickel and iron). That value has now fallen to more like 55% meaning that stainless steel scrap has become even cheaper relative to primary raw materials.


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