US stainless scrap prices fall further

摘要

Stainless steel scrap prices in the United States fell considerably thisweek amid further declines in nickel and iron values.“We are starting to feel some real instability,” one domesticdealer source said, indicating that “a more significant pricecorrection” would have been seen if not for continued demand forstainless scrap.“We don’t hold our stainless. We keep it moving. I have a feelingthat pricing is going to drop a little in the near term even if nickelstays the same,” another dealer indicated.