Prices for alloy steel scrap imported into Europe weakened further this week, with the bearish trend expected to persist into the first quarter of 2019, market sources told Fastmarkets MB on Friday December 21.
Despite European sources saying they had been pleasantly surprised by the level of trading activity that took place in December so far, given that the Christmas holiday is just around the corner, the pressure on prices from the past three months was still evident. The price of 18/8 alloy steel scrap solids was assessed at ?,?840-870 ($960-995) per tonne cif, down...