US stainless steel scrap prices weaken further

Stainless steel scrap prices continue to falter in the United States due to lower demand and a weakening in commodities pricing.

“All signs point to a very depressing end to 2018. Even news of a postponement of additional tariffs could not help stainless steel prices move in a more positive direction,” one dealer said. “Yep, we are in the home stretch here and also hearing that the market will be flat or soften some well into the first quarter of 2019,” another dealer said. Fastmarkets AMM's assessment of broker/processor buying prices in...

Published

James Lawrence

December 05, 2018

22:01 GMT

Pittsburgh