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US stainless steel scrap prices drop on lower nickel costs

  • Friday, September 6, 2013
  • Source:

  • Keywords:stainless steel
[Fellow]
[ferro-alloys.com]US stainless steel scrap broker/processor buying prices have weakened on a recent plunge in nickel prices, with many market participants now sitting out until prices become steady again.
 
Processor buying prices for type-304 solids tightened this week to $1,345-1,390 per gross ton from $1,345-1,415 previously, while 316 solids prices dropped to $1,875-1,925 per ton from $1,900-1,950, and 304 turnings prices fell to $1,185-1,230 per ton from $1,200-1,255. The London Metal Exchange cash nickel contract closed the official session on September 4 at $13,540 per tonne.
 
  • [Editor:editor]

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