UK 18/8 stainless scrap solids prices widen on increased competition from Europe

May 11, 2012 | 08:39 AM |

Prices for UK 18/8 stainless steel scrap solids prices widened on Friday May 11, as merchants in need of material raised bid prices to compete with their European counterparts. Inter-merchant prices widened to £1,130-1,180 ($1,824-1,904) per tonne delivered on Friday, from £1,130-1,160 a week earlier.  European import prices were €1,470-1,500 ($1,903-1,942) per tonne cif main European....

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