Stainless steel scrap mill prices fluctuate
Feb 18, 2014 | 01:26 PM
| 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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