Stainless scrap expects bump from TK start

Jan 02, 2013 | 03:54 PM | Thorsten Schier

Tags  stainless scrap, ThyssenKrupp Stainless, melt shop, Outokumpu, Inoxum, clips and solids, Thorsten Schier

NEW YORK — Stainless scrap players are optimistic that the recent start-up of the melt shop at ThyssenKrupp Stainless LLC’s facility in Calvert, Ala., will buoy the domestic market this year.

"Now that (TK Stainless) is in the mix, that makes things a lot better," a source at one processor said.

A second processor source agreed, noting that the impact likely would be felt most keenly in the surrounding area. "Maybe the price of scrap is going to go up in a 300-mile radius of that plant," he said.....

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