Stainless scrap prices flat; outlook weakens

Nov 05, 2013 | 03:14 PM | Rey Mashayekhi

Tags  stainless steel, scrap, broker, processor, buying prices, nickel, London Metal Exchange, LME Rey Mashayekhi

NEW YORK — Stainless steel scrap broker/processor prices remained flat this week, but dealers and traders said they expect the market to soften in the coming weeks amid uncertainty surrounding the global nickel market and disappointing melting rates at stainless mills.

Processor buying prices across all AMM-listed 300-series and 400-series grades were steady going into November, but market participants warned of a stainless scrap market that looks set to slip amid falling nickel prices.....

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