Stainless scrap dealers in US buying heavily

Nov 04, 2010 | 11:55 AM | Silvia Antonioli

Buying by U.S. stainless steel scrap wholesale dealers has been aggressive in the past few months, while demand from stainless steel mills has been sporadic.

The rise in wholesale market buying was attributed to reduced scrap availability spurred by lower manufacturing activity, Barry Hunter, owner of Hunter Alloys LLC, Boonton, N.J., told delegates at the Bureau of International Recycling conference in Brussels, although a weakening U.S. dollar and rising nickel prices also....

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