Tag: alloy costs drive scrap prices

SS scrap prices rise on alloy costs, steady demand LME nickel dips 1%, inventories up 3% India’s stainless steel (SS) scrap market edged higher w-o-w on improved buying interest coupled with rising raw material costs, firmer ferro-molybdenum and chrome prices, and stronger-than-expected finished steel demand. Global stainless steel producers have also raised bids or increased…