US stainless scrap price uptrend slows

摘要

The stainless steel scrap market in the United States has cooled off since the London Metal Exchange nickel price retreated after hitting the $7-per-lb mark. “Stainless steel scrap prices have rediscovered gravity,” one processor, who referred to current price levels as “Newtonian,” said. “A breath of sanity has reappeared in this week’s pricing,” the processor continued. And while demand has been okay, the major problem for consumers is that “there is no depth to the order books,” he added.