Stainless scrap prices halt their recent slide

Jul 02, 2013 | 02:25 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 arrested their slide, with many market participants waiting until after the July 4 holiday for a clearer indication on pricing.

The only grade to show movement was 304 turnings, which fell to $1,050 to $1,100 per gross ton from $1,075 to $1,120 previously. Holding steady were 304 solids, at $1,200 to $1,255 per ton, and 316 solids, at $1,850 to $1,925 per ton.....

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