Stainless scrap processor prices drop
Feb 20, 2013 | 12:06 PM
| Daniel Fitzgerald
NEW YORK Stainless scrap processor buying prices have tumbled due to declining London Metal Exchange nickel prices and continuing soft demand, according to market sources.
Processors are buying 304 solids at $1,650 to $1,700 per gross ton, down from $1,700 to $1,790 previously. Transactions for 316 solids are in a range of $2,275 to $2,350 per ton, down from $2,350 to $2,420 previously.....
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