Stainless processors stimulate scrap flow
Nov 27, 2012 | 04:37 PM
| Thorsten Schier
Tags
stainless scrap,
304 clips and solids,
316 clips and solids,
Thorsten Schier
NEW YORK — Processor buying prices for stainless scrap have risen for the second week in a row as processors look to stimulate scrap flow in a lackluster market, with sources saying generally higher nickel prices on the London Metal Exchange are playing only a secondary role.
“Personally, I don’t think it has that much to do with the slightly higher nickel prices. They’re trying to stimulate some flow,” one broker told AMM. ....
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