Stainless steel scrap prices reverse declines
Feb 11, 2014 | 12:26 PM
| Rey Mashayekhi
NEW YORK Stainless steel scrap prices have rebounded after two consecutive weeks of declines, market participants told AMM, spurred by the London Metal Exchanges nickel rally last week.
Broker/processor buying prices for Type 316 solids rose to $1,970 to $2,060 per gross ton from $1,950 to $2,015 last week, 304 solids climbed to $1,525 to $1,570 per ton from $1,500 to $1,545 and 304 turnings jumped to $1,365 to $1,385 per ton from $1,345 to $1,365 previously.....
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