The stainless steel scrap market in the United States continues to disappoint, with prices falling further over the past week.
It's "probably going to be a miserable remainder of 2019 for stainless steel scrap," one domestic dealer source said."Prices may not see any real opportunity for strength until January, when processors and mills [consumers] start looking to restock inventory," a second US dealer said.Fastmarkets assessed the 316 solids, clips, broker buying price, delivered to processor at 64-66 cents per lb ($1,434-1,478 per gross ton) on Tuesday November 19, down from 67-68 cents per lb a week earlier. The broker buying price for 304 solids, clips widened...