Stainless scrap prices contiue to rise

Jan 15, 2014 | 03:52 PM | Rey Mashayekhi

Tags  stainless steel, stainless scrap, nickel, London Metal Exchange, LME, dealer prices, broker prices, processor prices buying prices

NEW YORK — Stainless scrap prices continued to rise this week as spot market availability remained tight and nickel rallied after Indonesia’s ore export ban took effect, market players said.

AMM’s broker/processor buying prices posted across-the-board gains, including 400-grade material. Dealer and processor sources emphasized continuing tightness in spot material on the ground, citing rising raw material prices, including the London Metal Exchange nickel price’s recent rally, spurred by Indonesia’s....

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