Domestic stainless scrap prices hold steady

Feb 12, 2013 | 02:54 PM | Daniel Fitzgerald

Tags  stainless steel scrap prices, consumer prices, nickel prices, LME nickel, London Metal Exchange, nickel, Daniel Fitzgerald

NEW YORK — Stainless steel scrap processor prices have remained largely unchanged, with market demand and official nickel prices holding steady, although a rise in nickel prices in January pushed up consumer prices on several grades.

Processors are buying 304 solids in a range of $1,700 to $1,790 per gross ton vs. $1,700 to $1,765 previously, while 316 solids are steady at between $2,350 and $2,420 per ton. The price range for 430 solids—the only other processor grade to move—widened to $465 to $520 per ton from $480 to $520.....

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