Stainless scrap prices follow nickel down

Oct 11, 2013 | 04:06 PM | Rey Mashayekhi

Tags  stainless steel scrap, consumer buying prices, nickel prices, Rey Mashayekhi

NEW YORK — Stainless steel scrap mill buying prices have fallen alongside primary nickel’s weaker monthly average, with traders citing an influx of primary imports from China as a hindrance to domestic stainless steel producers.

AMM’s monthly consumer buying price assessment for Type 316 solids decreased to $1,860 to $1,920 per gross ton from $1,900 to $1,975 previously, 304 solids fell to $1,380 to $1,425 per ton from $1,400 to $1,475 and 304 turnings decreased to $1,210 to $1,260 per ton from $1,250 to $1,300.....

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