Stainless scrap prices lose more ground

Jun 11, 2013 | 04:54 PM | Daniel Fitzgerald

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

NEW YORK — Consumer and broker/processor buying prices for 300-series stainless scrap have fallen again as market participants brace for a particularly slow summer.

Consumer buying prices fell to a range of $2,200 to $2,250 per gross ton for Type 316 solids from $2,300 to $2,350 previously; $1,550 to $1,600 per ton for 304 solids, down from $1,625 to $1,675; and $1,400 to $1,450 per ton for 304 turnings from $1,450 to $1,500.....

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