The stainless steel scrap market in the United States has shown little change over the past week, although a potential storm could be brewing, according to market participants.
"Consumers are quite hesitant to raise pricing for a few reasons, one being the drop in ferrochrome [and] the other being the season of the year. I am cautiously optimistic, but then again it's anyone's guess on what the market might do," one large dealer source said.There have also been rumblings of a drop in demand, although some say it is a change in product mix. But the mills continue to run at a fairly high furnace...