Stainless scrap consumer buying prices fall
May 14, 2013 | 04:20 PM
| Daniel Fitzgerald
NEW YORK Stainless scrap consumer buying prices have dropped amid low demand and reports of oversupply, although broker/processor prices rebounded slightly as terminal nickel markets jumped.
Consumers purchased 316 solids and clips at $2,300 to $2,350 per gross ton, down from $2,375 to $2,425 per ton previously; 304 solids fell to $1,625 to $1,675 per ton from $1,740 to $1,790 per ton; 304 turnings dropped to $1,450 to $1,500 from $1,590 to $1,615 per ton; 430 bundles fell to $560 to $580 per ton from $580 to $600 previously; and 409 bundles slipped to $475 to $500 from $510 to $520 per ton....
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