US stainless scrap prices still in nosedive

The stainless steel scrap market in the United States is seeking a new bottom, with prices continuing to deteriorate.

“Stainless steel scrap prices continue to fall while both dealers and processors are trying to determine just how low they will go [on prices],” one US processor source said. There is ample supply, he added, and consumers know that they can buy at will and at their price.
“Why buy today when you can buy it tomorrow cheaper?” this processor said.

This is a falling market and there does not seem...

Published

September 05, 2018

20:06 GMT

Pittsburgh