Lower demand spurs drop in stainless scrap prices

Jan 29, 2013 | 01:13 PM | Daniel Fitzgerald

Tags  stainless scrap prices, stainless scrap demand, nickel, stainless scrap solids and clips, Daniel Fitzgerald

NEW YORK — Stainless scrap processor buying prices have declined as a lack of orders from consumers has impacted industry demand, according to traders.

Processors are currently paying between $2,350 and $2,420 per gross ton for 316 solids and clips, down from $2,370 to $2,420 previously, while 304 solids and clips fell to $1,700 to $1,745 per ton from $1,745 to $1,810.....

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