Stainless scrap prices continue climb

Dec 17, 2013 | 03:31 PM | Rey Mashayekhi

Tags  stainless scrap, broker buying prices, processor buying prices, scrap prices, scrap dealers, London Metal Exchange, LME, nickel prices Rey Mashayekhi

NEW YORK — Stainless steel scrap processor buying prices continued to strengthen this week alongside a continuing nickel rally on the London Metal Exchange and tightness in available material, market participants said.

AMM’s broker/processor buying prices for Type 316 solids rose to $1,880 to $1,950 per gross ton from $1,850 to $1,905 previously, Type 304 solids inched up to $1,400 to $1,455 per ton from $1,390 to $1,435 and 304 turnings increased to $1,230 to $1,255 per ton from $1,190 to $1,230.....

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