Stainless scrap prices continue slide
Oct 23, 2012 | 04:08 PM
| Thorsten Schier
Tags
stainless scrap,
304 clips and solids,
316 clips and solids,
scrap prices,
Thorsten Schier
NEW YORK — Stainless scrap prices have taken another tumble as continuing slack demand takes its toll on processors’ appetite for the material.
"(Mill) orders for next month look horrible in terms of tonnage," according to one processor.
One mill buyer confirmed that he had bought next to no stainless scrap in October and would likely buy little in November.
As a result, some processors reported only being out in the market for little tonnage at the moment, while others are only buying at lower prices.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here