Stainless scrap prices fall amid uncertainty
Feb 26, 2013 | 01:32 PM
| Daniel Fitzgerald
NEW YORK Stainless scrap processor prices have taken another tumble, with processors awaiting indications on steel sector demand for March before taking on more inventory.
Processors are buying 304 solids in a range of $1,525 to $1,600 per gross ton vs. $1,650 to $1,700 previously, while 316 solids are transacting at $2,200 to $2,275 per ton compared with $2,275 to $2,350 previously. Meanwhile, 304 turnings are transacting in a range of $1,375 to $1,410 per gross ton, down from $1,475 to $1,525 previously. All 400-series grades remain unchanged.....
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