Stainless steel scrap prices have become fairly stable in the United States, but could show further weakening through year-end and likely into early next year.
"With all the tumultuous events of the past week, we can look to the stainless steel [scrap] market for some tranquility," one US scrap dealer said, referring to the turbulence caused by the shootings in a Pittsburgh synagogue over the weekend.There has been little movement in prices over the past few weeks "allowing them to stabilize buying prices and begin to operate within the new price structure," he added."Export demand is softening, which was the only good outlet [during] the past...