Stainless scrap dealer prices rise, processor tags steady

Feb 05, 2013 | 03:29 PM | Daniel Fitzgerald

Tags  stainless scrap prices, stainless prices, stainless scrap demand, processor prices, dealer prices, LME, London Metal Exchange, nickel prices nickel

NEW YORK — Stainless scrap dealer prices have risen slightly, although most broker/processor prices remained unchanged despite a surge in official nickel prices.

Processors are buying 304 solids and clips in a range of $1,700 to $1,765 per gross ton, up from $1,700 to $1,745 per ton previously, while 316 solids and clips held steady at $2,350 to $2,420 per ton.....

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