Stainless scrap dealers follow brokers lower

Jul 11, 2012 | 01:26 PM | Thorsten Schier

Tags  stainless scrap, 304 clips and solids, 316 clips and solids, Thorsten Schier

NEW YORK — Stainless scrap dealer buying prices have fallen, matching recent broker decreases.

"(Brokers) just don’t want (material) right now. Some of them are taking themselves out of the market with their pricing," one dealer said.

The brokers that are in the market reportedly have adopted a take-it-or-leave-it approach.....

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