The last few months have been rough on scrap metal prices as the metal commodities market has taken quite a hit. The drastic drop in demand overseas coupled with the end of year scheduled mill closures have caused prices to drop to the lowest they’ve been in decades. The article only discusses the steel market…
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Stainless scrap market still subdued
PITTSBURGH — The stainless steel scrap market continues a sideways to downward trend, with sources noting that this is likely to continue for the immediate future. “The market will continue to be slow this week, and demand for October and November is still looking subdued,” one major processor source said. “The news on the fall…
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Non-ferrous scrap market still on downturn
Here is an article from the American Metal Market newspaper regarding the current non-ferrous scrap conditions. As you can see from the title there still is not a lot of positive sentiment in the scrap market trade. The major drop off in the COMEX market and LME which has caused scrap prices on both the…
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Stainless Steel Scrap Market Bearish; prices fall
Stainless scrap market bearish; prices fall PITTSBURGH — Stainless steel scrap prices are still losing ground amid a bearish outlook as the primary nickel market continues to weaken, according to most processor and dealer sources. “Europe is better, but not better enough,” one broker said. “Even though the European market is a little better, with…
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