Stainless scrap prices rise in lackluster market

Aug 28, 2012 | 12:45 PM | Thorsten Schier

Tags  stainless scrap, scrap prices, 304 clips and solids, 316 clips and solids, nickel prices, London Metal Exchange, Thorsten Schier

NEW YORK — Stainless steel scrap broker buying prices have bumped up in line with nickel prices, even though volumes remain tepid as some sellers hold out for higher numbers and most brokers aren’t aggressively looking for material.

"The sellers are waiting and the buyers are dragging their feet," one dealer source said. ....

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