While tight flows continue to be a concern for dealers, processors and consumers, the stainless steel scrap market in the United States has remained firm, sources said, with prices for 300 grades increasing while 400 grades mostly held steady.
"Now it looks like the Covid-19 delta variant has caused supply concerns while scrap demand continues to be strong from the mills, as their order books continue to be robust and delivery backlogs are extending," one dealer said.In addition to tight supply, rising nickel values also support increasing prices."Just when you think nickel can't go higher, it hit $8.97 per lb at one point today," one processor said on Tuesday July 27.Fastmarkets assessed the stainless steel scrap 316 solids, clips, broker buying price,...