Nickel rally spurs stainless steel scrap prices

Dec 10, 2013 | 02:16 PM | Rey Mashayekhi

Tags  stainless steel scrap, type 304, type 316, nickel, LME, London Metal Exchange, Rey Mashayekhi

NEW YORK — Stainless steel scrap processor buying prices strengthened this week as London Metal Exchange nickel tags rallied to their highest close since early November.

AMM’s broker/processor buying price range for Type 316 solids widened to $1,850 to $1,905 per gross ton from $1,850 to $1,880 previously, Type 304 solids increased to $1,390 to $1,435 per ton from $1,345 to $1,390 and 304 turnings rose to $1,190 to $1,230 per ton from $1,165 to $1,210.....

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