Stainless scrap processor prices edge lower

Mar 05, 2013 | 04:32 PM | Thorsten Schier

Tags  stainless scrap, 304 clips and solids, 316 clips and solids, scrap prices, nickel prices, LME, Thorsten Schier

NEW YORK — Stainless scrap processor buying prices have taken another tumble on lackluster mill demand and continued weak nickel prices.

Prices for 304 clips and solids are now trading at $1,525 to $1,570 per gross ton vs. $1,525 and $1,600 per ton a week ago, with 316 clips and solids now at $2,200 to $2,260 per ton compared with $2,200 to $2,275 per ton previously. ....

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