Stainless scrap prices fall to 2009 low

Jun 18, 2013 | 12:24 PM | Daniel Fitzgerald

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

NEW YORK — Stainless steel scrap broker/processor buying prices have fallen to their lowest levels since June 2009, with market participants lamenting a lack of domestic or export demand amid plunging nickel prices.
Type 304 solids dropped to a range of $1,275 to $1,335 per gross ton, down from $1,345 to $1,410 previously; 304 turnings fell to $1,120 to $1,175 per ton from $1,185 to $1,250; and 316 solids slipped to $1,960 to $2,015 per ton from $2,000 to $2,065. ....

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