Stainless scrap prices up; processors wary

Aug 20, 2013 | 04:13 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 demand has improved, reportedly spurred by an increase in nickel prices, although some processors question whether the price rise will continue.
Processor buying prices for Type 304 solids moved up to a range of $1,345 to $1,415 per gross ton Aug. 19 from $1,300 to $1,360 previously, while 304 turnings moved up to a range of $1,200 to $1,255 per gross ton from $1,150 to $1,200. All other processor buying prices and all dealer prices were unchanged. ....

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