Stainless scrap slips on nickel’s Sept. retreat

Oct 11, 2006 | 10:58 AM | Michael Marley

Prices paid by specialty steelmakers for 18-8 stainless scrap have fallen by around $100 a long ton this month, in line with the modest retreat in primary nickel prices in September, but prices at dealers and major broker-processors were unchanged.

Mill-delivered prices at Pittsburgh slipped to $2,625 to $2,650 a ton, according to several industry sources, while 18-8 turnings eased to $200 below that level.

According to some traders, mills are paying a lower price for 18-8 turnings than they traditionally have been offered. Turnings usually have been priced at about $100 a tonne less than solids and clips at the mill-delivered level, a margin that does not match the 90-percent metal recovery rate that mills and processors assume when turnings are used, one trader said.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events