01 Nov 2012 Last updated at 13:34:39 GMT
US Stainless Scrap prices fall for fourth week
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NEW YORK (Scrap Monster): US stainless steel scrap prices have fallen for the fourth consecutive week amid continued weak demand from consumers and tumbling nickel prices.
According to one market source, it’s hard to find a mill buyer these days, noting that all indications suggest the current weakness is likely to continue.
“Forget the rest of the year, citing numerous fiscal and political issues—including the looming US “fiscal cliff,” the European debt crisis,” they added.
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Mining News
North American Scrap Prices
Scrap Name
Price
High/Low
- 6063 Extrusions
- 0.81
- 0
- 6061 Extrusions
- 0.80
- 0
- #1 Copper Bare Br..
- 3.08
- -0.15
- # 1 Copper Wire a..
- 2.96
- -0.17
- # 2 Copper Wire a..
- 2.78
- -0.16
- Yellow Brass
- 2.11
- -0.07
- Scrap Electric Mo..
- 0.40
- +0.01
- Old Sheet
- 0.68
- -0.02
- Al/Cu Radiators
- 1.63
- -0.01
- Old Cast
- 0.71
- -0.01
- Alternator
- 0.64
- 0
- Zorba 90% NF
- 0.71
- 0
- 304 SS Solid
- 0.67
- +0.01
99.9 % Copper wire Mill berry…
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