Asian imports of stainless scrap slow

Oct 28, 2009 | 11:14 AM | Silvia Antonioli

China's imports of stainless steel scrap have declined as consumers run down inventory built up earlier this year, according to Mark Sellier, OneSteel Recycling Inc.'s head of corporate development for Europe and Africa.

"Strategic stockpiling has now finished, but this is falsely inflated demand for raw materials," he told attendees at the Bureau of International Recycling's conference in Amsterdam.

Stainless scrap supply in Asia is still scarce and prices are high, Sellier said. Volumes are down by 50 percent from the peak levels reached last year, and the scarcity of supply is mainly due to manufacturing and demolition showing only small signs of recovery. ....





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