Domestic stainless scrap prices diverge

Jul 09, 2013 | 02:16 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 — Prices for 300-series stainless steel scrap have taken another hit along with plunging terminal nickel markets, while 400-series stainless has risen on the back of higher iron prices.

Broker/processor buying prices for 304 solids dropped to $1,175 to $1,230 per gross ton from $1,200 to $1,255 previously, while 316 solids dropped to $1,825 to $1,900 per ton from $1,850 to $1,925.....

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