Stainless steel scrap mill prices fluctuate

Feb 18, 2014 | 01:26 PM | Rey Mashayekhi

Tags  scrap, stainless scrap, Outokumpu Stainless USA, stainless scrap prices, nickel, LME, London Metal Exchange, Rey Mashayekhi

NEW YORK — Stainless steel scrap mill buying prices have shown mixed moves for February, market participants told AMM.

Material tightness and stronger London Metal Exchange nickel contracts have pushed nickel-bearing grades higher, market sources said, while lower ferrous scrap prices have forced non-nickel-bearing grades down.

Consumer buying prices for Type 316 solids increased to $2,045 to $2,095 per gross ton from $2,000 to $2,050 in January, 304 solids rose to $1,560 to $1,635 per ton from $1,525 to $1,590 and 304 turnings jumped to $1,385 to $1,435 per ton from $1,340 to $1,390. ....

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