The stainless steel scrap market in the United States did not enter 2019 with an optimistic view for the new year, sources told Fastmarkets AMM.
"Without an influx of some unexpected good news, it looks like we will be stuck with current conditions for a while," one dealer source said."This market is sloppy at best as nickel continues to slide, molybdenum is beginning to fall, scrap demand at the consumer level for January is lower and February is expected to be the same," one major processor said.Fastmarkets AMM's assessment of broker/processor buying prices in Pittsburgh continued to decline, with Type 316 stainless scrap solids down by 3 cents on the low end to 60-65 cents per lb ($1,344-1,456 per...