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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