Stainless steel scrap prices in the United States have stabilized due to serious shortages of scrap.
"With nickel about the same, the tight supply situation is creating a very slight uptick in 300-series stainless prices," one dealer source said."The lack of supply is the leading force of prices remaining firm to up slightly," a second dealer said.While demand has not really improved at the steel mills, there has been concern from some mill buyers about being able to get material, as well as speculation from some suppliers that a shortage of material could lead to higher prices this...