The weekly Davis Index for 201 solids inched up by 0.3¢/lb to 32.8¢/lb delivered processor yard on Wednesday but was flat for 301 solids at 44.5¢/lb for single truckloads.
The index for scrap 309 solids ticked up by 1.5¢/lb to 77.5¢/lb delivered and increased for 310 solids by 0.5¢/lb to $1.18/lb delivered. The Davis Index for 330 solids rose by 0.1¢/lb to $1.92/lb delivered processor yard.
The index for 409/410 solids moved down by $6.5/gt to $307.5/gt delivered processor yard and increased for 430 solids by $4/gt to $385/gt delivered.
US stainless steel processor buying prices were flat for the 304 and 316 grades with little demand moving into year-end. However, stainless grades with higher nickel content fared better over the week due to a stronger LME Nickel market.
The daily Davis Index for scrap 304 solids moved down by 0.1¢/lb to 52.4¢/lb, delivered processor yard, and was flat for 316 solids at 72.8¢/lb for single truckloads delivered US processor.
The index for scrap 304 turnings was flat at 48.2¢/lb delivered and held at 64.3¢/lb delivered US processor for 316 turnings, on Wednesday.
LME nickel prices dropped by $47/mt on Wednesday from a day earlier, with the official three-month LME nickel contract settling at $15,152/mt. The nickel market jumped up from a week ago, better by $544/mt, from its close at $14,608/mt on Oct 7.