Soft demand hits stainless scrap prices

Oct 16, 2012 | 03:10 PM | Thorsten Schier

Tags  stainless scrap, 304 clips and solids, 316 clips and solids, nickel, Thorsten Schier

NEW YORK — Stainless scrap prices continue to fall due to weak end-user demand and softening raw material prices.

"Demand is really in the toilet right now," one dealer said.

Processor buying prices for 304 clips and solids now range between $1,545 and $1,615 per gross ton, down from $1,635 to $1,680; and 316 clips and solids are now at $2,240 to $2,310 per ton vs. $2,285 to $2,330 previously.....

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