Stainless scrap consumer buying prices dip

Apr 11, 2013 | 02:51 PM | Daniel Fitzgerald

Tags  stainless steel scrap prices, consumer prices, stainless scrap demand, stainless demand, Daniel Fitzgerald

NEW YORK — Stainless steel scrap consumer buying prices have fallen along with broker/processor prices as market participants report ongoing low demand.

Consumers purchased 316 solids and clips in a range of $2,375 to $2,425 per gross ton, down from $2,400 to $2,450 previously; 304 solids and clips dropped to $1,740 to $1,790 per gross ton from $1,780 to $1,860; 304 turnings fell to $1,590 to $1,615....

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