Stainless scrap pricing follows nickel higher

Dec 04, 2012 | 01:29 PM | Thorsten Schier

Tags  stainless scrap, 304 clips and solids, 316 clips and solids, nickel, London Metal Exchange, LME, Thorsten Schier

NEW YORK — Stainless scrap prices have risen on the back of higher nickel prices on the London Metal Exchange.

Processors are now paying between $1,635 and $1,680 per gross ton for 304 clips and solids, up from $1,525 to $1,570 previously; and $2,250 to $2,320 per ton for 316 clips and solids, up from $2,150 to $2,220.....

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