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After a consultation period, Metal Bulletin has launched two weekly UK domestic grade-316 alloy steel scrap assessments on a delivered to merchant basis, £ per tonne.
Metal Bulletin has also launched two weekly Europe import grade-316 alloy steel scrap assessments on a cif main European port basis, € per tonne.
At a later date, the price assessments will include the publication of historical data previously collected by Metal Bulletin. The historical data collection began in March 2017.
The specifications will be as follows:
Europe import stainless grade-316 solids, € per tonne cif Type: Assessed range Location: cif main European port Price/unit: € per tonne Volumes: 5-300 tonnes Payment terms: varies Publication: Weekly, Friday, by 3pm London time
Europe import stainless grade-316 turnings € per tonne cif Type: Assessed range Location: cif main European port Price/unit: € per tonne Volumes: Varies Payment terms: Varies Publication: Weekly, Friday, by 3pm London time
UK domestic stainless grade-316 solids £ per tonne Type: Assessed range Location: Delivered to merchant Price/unit: £ per tonne Volumes: 5-300 tonnes Payment terms: Varies Publication: Weekly, Friday, by 3pm London time
UK domestic stainless grade-316 turnings £ per tonne Type: Assessed range Location: Delivered to merchant Price/unit: £ per tonne Volumes: Varies Payment terms: Varies Publication: Weekly, Friday, by 3pm London time
Metal Bulletin has no financial interest in the level or direction of these assessments.
To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to this price, please contact Ross Yeo by email at: pricing@metalbulletin.com. Please add the subject heading FAO: Ross Yeo, re: UK, Europe grade-316 scrap prices.
To see all Metal Bulletin’s pricing methodology and specification documents go to www.metalbulletin.com/prices/pricing-methodology