US stainless scrap prices holding, for now

Stainless steel scrap prices held in check during the week of the Thanksgiving holiday in the United States, celebrated Thursday November 25, with prices unchanged across the board while the market firms heading into the end of the year.

“Stainless steel scrap prices are on firm ground with no change in the fundamentals,” one dealer said. Steady demand and weak supply have supported the recent rise in stainless scrap prices and, according to sources, that is not expected to change any time soon. Fastmarkets assessed the stainless steel scrap 316 solids, clips, broker buying price, delivered to processor Pittsburgh at $1.24-1.30 per...

Published

James Lawrence

November 24, 2021

19:32 GMT

Pittsburgh