Stainless scrap prices fall amid uncertainty

Feb 26, 2013 | 01:32 PM | Daniel Fitzgerald

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

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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