The stainless steel scrap market in the United States started July with further price gains, with supply showing little improvement and demand continuing to be very strong.
"One thing is clear, the [stainless] mills continue to be busy, and the summer doldrums will either be late arriving or will decide to take this year off as the [Covid-19] pandemic recovery continues," one dealer source said.While iron values were said to be strong last week, the direction of those prices - and the outcome of the domestic ferrous scrap trade for July - remains unknown. As a result, many dealers have been holding off on adjusting their stainless scrap prices until the...