Stainless scrap mart recovery distant
Oct 31, 2008 | 11:27 AM
| Jana Marais
A recovery in demand for stainless scrap is unlikely before the second quarter of 2009 at the earliest due to uncertainty in global markets and a decline in stainless steel production, market participants said.
Members of the Bureau of International Recycling's Stainless Scrap and Special Alloys Committee told delegates at BIR's fall conference in Dusseldorf that stainless mills might start increasing output slowly in the second half of next year as demand increases to replenish stocks, but production figures won't reach the levels predicted at the beginning of 2008.....
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