Stainless scrap prices follow nickel lower

Nov 26, 2013 | 01:38 PM | Rey Mashayekhi

Tags  stainless steel, scrap prices, broker prices, processor prices, stainless scrap prices, London Metal Exchange, LME, nickel Type 316

NEW YORK — Stainless steel scrap processor buying prices fell this week as London Metal Exchange nickel prices continued to decline, maintaining a trend that seems poised to persist through the New Year.

AMM’s broker/processor buying prices for Type 316 solids have tightened to $1,850 to $1,880 per gross ton from $1,850 to $1,905 last week. Type 304 solids fell to $1,345 to $1,390 per ton from $1,375 to $1,410 previously, while 304 turnings dropped to $1,165 to $1,210 per ton from....





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