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...