The Bureau of International Recycling (BIR) has indicated that demand for stainless steel scrap at the start of the last quarter of the year is expected to remain steady with a drop projected by the end of the year. 


The BIR analysis noted that businesses pertaining to the stainless-steel industry have been very volatile as the world is yet to determine the full impact of COVID-19. Car manufacturing companies are witnessing a drop in production and job losses but, on the other hand, orders in the home appliance sector have increased through e-commerce portals.


BIR has also urged the airline companies to project their outlooks based on only 50-60pc sales compared to the previous outlook models as the aviation industry has been significantly affected by the pandemic. 

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