The stainless steel scrap market in the United States remained largely quiet this week, with few signs that improvement is near.
"The molybdenum price [has been] down since August 2019, the nickel price continues to fluctuate and the demand side of the market remains quiet. The confusion of this market continues," one major processor source said.Fastmarkets last assessed the molybdenum canned molybdic oxide, in-whs Pittsburgh, price at 9.4-9.8 cents per lb on Thursday November 21. The midpoint of the price has averaged 9.41 cents per lb thus far for November, down from 11.28 cents per lb in October. Based on Fastmarkets' pricing archives, this marks the sixth consecutive monthly average decline, having...