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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