Stainless scrap prices are mostly up now following nickel contracts on the London Metal Exchange (LME), which advanced nearly 3% the past 10 days. Stainless scrap and LME nickel prices have seen their fair share of fluctuates the past several months, contrasting a strong start to 2017 on both higher prices and demand for stainless scrap.
Prices for 300 series stainless scrap improved 3-4 cents per pound outpacing 400 series tags which dropped 1 cent per pound. Even amid mixed results, there is a cautious optimism in stainless market right now as supply and demand momentum appears to be building.
We will continue to keep you updated on market conditions through our website news section, so check back often. Metro Alloys has successfully served its clients for more than 30 years in all market conditions and we encourage you to contact your sales representative, Marvin Fish, Gary Kamp or Abby Frank with any questions.