Stainless Scrap Market Report January 2014
2014-02-10 09:33:05 【Print】
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Prices of stainless scrap went up slightly in the second week of this month supported by sharp and continuous price rises of raw materials, but they lacked power to go up further in the third and fourth weeks with more and more participants retreating from the market for the Spring Festival holiday
. Meanwhile, not being confident of the coming market, traders were cautious about supplementing inventories . Besides, as banks restrained loans to steel market participants, capital shortage got serious . Insiders think the price is likely to keep unchanged in February.