Stainless Scrap Market Report June 2014

Stainless scrap prices failed to continue on an upward trend in June following the rises in May. Influenced by the hot weather in North China, as well as the rainy weather in South China, demand from downstream industries shrank significantly and the market became stagnant.Asian Metal Copyright Influenced by the hot weather in North China, as well as the rainy weather in South China, demand from downstream industries shrank significantly and the market became stagnant.Asian Metal Copyright Lacking confidence in the market outlook, most traders refused to build large stocks.Asian Metal Copyright Insiders think the price is likely to go down further in July.Asian Metal Copyright Insiders think the price is likely to go down further in July.