Stainless steel scrap consumer prices rise

Nov 11, 2013 | 04:28 PM | Rey Mashayekhi

Tags  stainless steel, stainless scrap, nickel, London Metal Exchange, Rey Mashayekhi

NEW YORK — Stainless steel scrap prices have risen in November following a relatively strong month for nickel, with traders noting a slightly improved appetite for material.

AMM’s processor buying price assessment for stainless steel scrap showed Type 316 material rose to a range of $1,905 to $1,950 per ton from $1,860 to $1,920 previously, 304 bundles, solids and clips moved up to $1,410 to $1,455 per ton from $1,380 to $1,425 and the range for Type 409 material widened to $510 to....

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