Stainless steel scrap prices trend downward

Jun 25, 2013 | 03:18 PM | Daniel Fitzgerald

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

NEW YORK — Stainless steel scrap prices have fallen, with plunging terminal nickel markets and reportedly nonexistent demand putting more downward pressure on buying prices.

Broker/processor buying prices for Type 304 solids dropped to a range of $1,200 to $1,255 per gross ton from $1,275 to $1,335 previously, 304 turnings fell to $1,075 to $1,120 per ton from $1,120 to $1,175 and 316 solids dropped to $1,850 to $1,925 per ton from $1,960 to $2,015.....

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