European Stainless Scrap Prices Slide on Weak Demand and Nickel Speculation

European stainless steel scrap European stainless steel scrap values have recorded sharp month-on-month declines, driven by softening regional consumption and market volatility surrounding Indonesian nickel supplies. Falling Scrap Values Across Europe Stainless steel scrap prices retreated significantly through late June and July. Benchmark grade 304 material tumbled by up to EUR110 per tonne across France, Germany, Italy, and the Netherlands. Italy emerged as the weakest market. Local procurement there dropped to EUR1,150 per tonne. Processors paused intake amid high inventory levels and appr...