Stainless scrap consumer prices rise

Sep 13, 2013 | 04:54 PM | Rey Mashayekhi

Tags  stainless scrap, consumer scrap buying prices, nickel prices, London Metal Exchange, LME, Rey Mashayekhi

NEW YORK — Stainless steel scrap consumer buying prices have risen on the strength of primary nickel’s higher August average, but the market could be in for a sharp decline next month if exchange prices continue to fall through September, sources said.

AMM’s monthly consumer buying price for Type 316 solids rose to $1,900 to $1,975 per gross ton from $1,875 to $1,950 previously, 304 solids increased to $1,400 to $1,475 per ton from $1,390 to $1,450 and 304 turnings rose to $1,250 to $1,300 per ton from $1,225 to $1,275, while 430 bundles stayed flat at $590 to $610 per gross....

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