Stainless steel scrap pricing trends sideways

Jul 15, 2014 | 03:00 PM | Rey Mashayekhi

Tags  stainless steel, scrap, London Metal Exchange, LME, nickel, dealer, processor, Type 304 Type 316

NEW YORK — Stainless steel scrap prices were relatively stable this week due in part to steady London Metal Exchange nickel prices, with market participants noting comfortable supply-side dynamics amid a summer slowdown in activity.

AMM’s assessment of broker/processor buying prices shifted slightly July 14 across nickel-bearing austenitic grades, with Type 316 solids tightening to a range of $2,575 to $2,600 per gross ton from $2,555 to $2,600 previously. Type 304 solids rose to $1,905 to $1,925 per ton from $1,880 to $1,925, and the range for Type 304 turnings widened to $1,700 to $1,745 per....





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