Stainless scrap prices drop again as nickel falls

Apr 16, 2013 | 03:44 PM | Daniel Fitzgerald

Tags  stainless scrap, scrap demand, stainless scrap prices, scrap prices, London Metal Exchange, LME, nickel prices, scrap processors scrap dealers

NEW YORK — Stainless scrap broker/processor buying prices have dropped again on the back of plunging official nickel prices and a continued lack of mill demand.

Type 316 solids dropped to a range of $2,075 to $2,130 per gross ton from $2,150 to $2,200 previously, while Type 304 solids dropped to a range of $1,400 to $1,455 per ton from $1,450 to $1,525 previously.
Type 304 turnings also decreased to a range of $1,250 to $1,300 per ton from $1,300 to $1,350 previously, while 430 solids tightened to a range of $465 to $495 per ton from $465 to $500 previously. ....





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