“Prices have strong headwinds,” according to one processor source, who also indicated that third-quarter chrome prices could collapse.
“I am seeing a little weakening in prices, even with nickel slightly better today,” one dealer source said.
“Most processors are holding their numbers even though nickel took a leap in the last two days,” another dealer said.
American Metal Market’s assessments of broker/processor buying prices in Pittsburgh were unchanged across the board. Type...