US stainless scrap prices climb on nickel recovery

US stainless scrap broker/processor buying prices continued to rise thanks to the recent rally in London Metal Exchange nickel prices, with dealers and traders reporting substantial hikes across the 300 grades.


Processor buying prices for Type 316 solids rose to $1,880-1,925 per gross ton from $1,820-1,880 previously. Type 304 solids climbed to $1,360-$1,410 per ton from $1,320-1,365 and 304 turnings rose to a range of $1,210 to $1,255 per ton from $1,185-1,230 per ton previously. The LME’s cash nickel contract...

Published

October 23, 2013

22:47 GMT

New York