US stainless scrap prices inch higher

April 16, 2020 / www.metalbulletin.com / Article Link

Most stainless steel scrap prices in the United States inched up slightly week on week while the supply chain continues to tighten due to lockdowns to limit the spread of the Covid-19 disease.

"Are we in a way worse scenario than 2008-something akin to the 1930s depression, or a blip that will be over and done in six months and we are back to something near normal?" one major processor asked.Scrap dealers and processors alike reported tightening scrap flows and uncertain demand, noting that they had to pay more to buy but were getting less on the sale price."These are definitely new challenges ahead for many of us," one scrap dealer said.Fastmarkets assessed the 316 solids, clips, broker buying price, delivered to processor Pittsburgh at 62-63 cents per lb ($1,389-1,411 per...

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok