The stainless steel scrap market in the United States has slowed its pace, and prices have started flattening out with June demand uncertain and continuing worrisome supply conditions.
"It will take a strong restart in manufacturing to change the supply side of the equation," one dealer said, adding that it is very "unusual to see a gradual uptick in prices as we head into the summer season, but we are in unusual times."Fastmarkets assessed the the 316 solids, clips, broker buying price, delivered to processor Pittsburgh at 63-65 cents per lb ($1,411-1,456 per gross ton) on Tuesday June 2, down by a penny on the low end after climbing to 64-65 cents per lb one week earlier.The broker buying price for 304 solids, clips, delivered to processor Pittsburgh also shed 1 cent on...