Stainless scrap off again amid uncertain demand

Mar 19, 2013 | 01:36 PM | Daniel Fitzgerald

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