Stainless steel scrap buying prices rise

Jan 10, 2013 | 12:08 PM | Thorsten Schier

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

NEW YORK — Stainless scrap consumer buying prices have risen on the back of stronger nickel prices in December and restocking by stainless mills, although some processors say demand in the new year has nonetheless been below expectations.

"It’s better than November and December, but we were thinking it was getting much better than what it is," one processor source said.

"I talked with (a stainless steel producer) yesterday and they haven’t seen any kind of increase in demand at this point," a second processor source said Thursday. ....

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