Stainless steel scrap supply remains plentiful in the United States amid strong demand, leaving prices stable, although transportation to haul scrap is getting more difficult.
"Prices are flat, but the big problem is getting trucks to pick up loads!" one scrap dealer said."Overall things are stable heading into July as nickel seems to have settled into a steady trading range as supply and demand seem to be in balance," a second dealer said.American Metal Market's assessment of broker/processor buying prices in Pittsburgh showed Type 316 stainless scrap solids unchanged at 91-93 cents per lb ($2,038-2,083 per gross ton) on Tuesday July 3. Type 304...