The stainless steel scrap market in the United States resumed its downward trek this week due to lower nickel prices, a weakening chrome market and slack demand, although the latter seems to have stabilized at least for now, sources said. “We continue to be as conservative as possible with our buying prices because we have no confidence in the direction prices are heading,” one domestic dealer source said. “With nickel continuing to stumble, we are at lower prices today,” a major processor said.
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