Stainless scrap prices continue to slide
Aug 19, 2014 | 03:59 PM
| Rey Mashayekhi
NEW YORK Stainless steel scrap prices continued to slide this week in step with lower nickel prices, and industry sources said there is "little sign of an upside."
AMMs broker/processor stainless scrap buying prices fell Aug. 18 across the nickel-bearing austenitic grades for the third consecutive week, with Type 316 solids declining to a range of $2,425 to $2,485 per gross ton from $2,465 to $2,510 last week, Type 304 solids falling to $1,700 to $1,745 per ton from $1,745 to $1,790 and 304 turnings slipping to $1,525 to $1,570 per ton from $1,570 to $1,635.....
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