Stainless scrap processor prices drop

Feb 20, 2013 | 12:06 PM | Daniel Fitzgerald

Tags  stainless scrap prices, stainless scrap demand, stainless scrap, LME, nickel prices, 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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