Lower demand spurs drop in stainless scrap prices
Jan 29, 2013 | 01:13 PM
| 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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