Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

US stainless steel processor buying prices dropped on Tuesday as the tightness in supply seen last week eased.


The daily Davis Index for 304 scrap solids dropped by a penny to 52¢/lb delivered processor yard while 316 solids decreased by 3¢ to 71¢/lb for single truckloads. 


The Index for scrap 304 turnings was unchanged at 47¢/lb, while 316 turnings declined by 3¢/lb to 62¢/lb. 


LME nickel prices increased by $30/mt from Monday with the official three-month LME Nickel contract settling at $13,185/mt on Tuesday. 

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