Stainless scrap off again amid uncertain demand
Mar 19, 2013 | 01:36 PM
| Daniel Fitzgerald
NEW YORK Stainless scrap processor buying prices have taken another tumble, with uncertainty over mill demand for April driving prices and purchasing activity down.
Prices for 304 clips and solids are in a range of $1,475 to $1,545 per gross ton, down from $1,525 to $1,570 a week ago, while 316 clips and solids are between $2,175 and $2,240 per ton, down from $2,200 to $2,260. Prices for 304 turnings also dropped, and are now in a range of $1,325 to $1,375 per ton compared with $1,350 to $1,400 previously.....
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