Chrome stainless scrap prices decrease

Aug 07, 2012 | 03:22 PM | Thorsten Schier

Tags  409 bundles and solids, 430 bundles and solids, 304 clips and solids, 316 clips and solids, high-carbon ferrochrome, ferrous scrap, Thorsten Schier

NEW YORK — Broker buying prices for 430 and 409 bundles and solids have fallen due to excess supply in the domestic market, even as ferrous scrap prices are on the rise.

"There just seems to be a glut of material around," one broker said.

Brokers in the Pittsburgh area are paying $400 to $450 per gross ton for 430 bundles and solids, and buying 409 bundles and solids for between $335 and $360 per gross ton. That’s down from $425 to $450 per gross ton and $360 to $380 per gross ton, respectively, previously. ....

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