Mill demand pickup lifts stainless scrap
Jan 08, 2013 | 02:44 PM
| Thorsten Schier
Tags
stainless scrap,
304 clips and solids,
316 clips and solids,
scrap prices,
nickel,
nickel prices,
LME,
London Metal Exchange
Thorsten Schier
NEW YORK — Stainless scrap prices have risen due to improved mill demand, although some sources assert that they have failed to see a pickup.
"Things have become a little bit more robust. The year’s off to a good start and February looks like it’s going to be pretty good, too," one stainless scrap processor said.
"This is the restocking month for us," a purchasing source confirmed, adding that his company’s stainless production was set to increase significantly in January.....
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