Stainless scrap consumer buying prices fall

Aug 13, 2013 | 04:27 PM | Daniel Fitzgerald

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

NEW YORK — Stainless scrap consumer buying prices for August dropped on the back of July’s plunge in official nickel pricing, although a surge in the past week has buoyed broker/processor buying prices.

Consumer buying prices for 304 solids dropped to a range of $1,390 to $1,450 per gross ton from $1,425 to $1,475 previously, while 304 turnings dropped to a range of $1,225 to $1,275 per gross ton from $1,275 to $1,325. 316 solids dropped to a range of $1,875 to $1,950 per gross ton from $1,950 to $2,050 previously.....





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