Stainless scrap prices slide further

Aug 12, 2014 | 04:01 PM | Rey Mashayekhi

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

NEW YORK — Stainless scrap prices continued to fall this week despite relatively flat London Metal Exchange nickel prices, with market participants noting ample scrap flows and increasing concern regarding domestic mill demand.

AMM’s broker/processor stainless scrap buying prices fell Aug. 11 across the nickel-bearing austenitic grades, continuing last week’s drop (, Aug. 5). Type 316 solids decreased to $2,465 to $2,510 per gross ton from $2,485 to $2,530 last week, Type 304 solids to $1,745 to $1,790 per ton from $1,790 to $1,835 and Type 304 turnings to $1,570 to $1,635 per....

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