Stainless scrap follows LME north
Jul 08, 2014 | 05:29 PM
| Rey Mashayekhi
NEW YORK Stainless steel scrap prices have ticked upward this week on the strength of higher London Metal Exchange nickel prices, though market participants noted a "natural" summer slowdown in trading activity.
AMMs broker/processor buying prices increased for nickel-bearing austenitic grades of stainless scrap July 7, with Type 316 solids rising to a range of $2,555 to $2,600 per gross ton from $2,525 to $2,575 previously, Type 304 solids jumping to $1,880 to $1,925 per ton from $1,835 to $1,880 and Type 304 turnings moving to $1,700 to $1,725 per ton from $1,660 to $1,700.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.