According to Mr Markus Moll MD of Steel & Metals Market Research the worldwide share of scrap in stainless steel production will decline from 34.8% in 2004 to nearer 32% by 2010. Mr Moll while speaking at the BIR Stainless Steel & Special Alloys Committee meeting in Beijing said “It seems to be there is not enough scrap in the world.” He also predicted that the share of 300 series would fall from below 65% in 2005 to as low as 55% by the year 2015 due to high nickel prices. Mr Sandro Giuliani of Italy based Giuliani Metalli Cronimet suggested that the stainless scrap market had switched from surplus to shortage earlier this year. Key factors in the market included competition among dealers, an increase in nickel prices, and exports to the Far East.
