2011 - a two-sided year

Over the past month, 304 and 316 prices have handed back all of the gains made in October and returned to US$ 1750-1800 per tonne in the case of the former and to US$ 2560-2610 for the latter. However, chrome scrap prices have held steady, with 430 material continuing to attract US$ 530-560 per tonne and the 409 quality between US$ 450 and US$ 480.

Slackness looks set to characterise conditions in the stainless steel scrap market for the rest of the year. According to market participants, activity levels are low and they are now pinning ...

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