Stainless steel scrap prices in the United States have maintained their upward momentum, with processors and dealers reporting that they were thankful for rising prices - despite continued tight supply - ahead of the US Thanksgiving holiday, celebrated Thursday November 26.
"Even with higher prices, we are having trouble keeping the flow of scrap into the yard. What is out there is being fought hard by domestic processors and exporters," one dealer said."It's hard to make money in the scrap business these days," a second dealer said.Fastmarkets assessed the stainless steel scrap 316 solids, clips, broker buying price, delivered to processor Pittsburgh at 76-79 cents per lb ($1,702-1,770 per gross ton) on Tuesday November 24, up by a penny on the high side from 76-78 cents per lb...