Stainless steel recyclers from around the world have told the Bureau of International Recycling annual summit of low availability of the material.
The Stainless Steel & Special Alloys Committee meeting at the event in Rome heard from representatives from across the globe.
Michael Wright of ELG Haniel in the UK spoke of “good” global demand for stainless scrap in the first five months of 2012 but also of a “slight tail-off” for June.
Barry Hunter of Hunter Alloys LLC in the US said scrap flows into domestic wholesalers continued to be “slow”.
Mark Sellier of OneSteel Recycling spoke of “tight” scrap availability in Asia as well as of the adverse impact on stainless demand of the euro-zone crisis.
Anand Gupta of Ambica Steels in India suggested that domestic stainless mills were operating at around 70% capacity and buying scrap “on a hand-to-mouth basis”.
Ildar Neverov of Russia’s Steelway Limited Company highlighted the probability that the country’s stainless steel scrap export duties would be progressively lowered from August.
Reporting for the Middle East, Ahmad Sharif of Sharif Metals confirmed stainless steel was being traded in Jordan at low levels.