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

US stainless steel processor buying prices remained unchanged on Thursday.


The daily Davis Index for 304 scrap solids remained at 54¢/lb delivered processor yard and 316 solids was flat at 74¢/lb for single truckloads. 


Scrap 304 turnings also held at 49¢/lb, while 316 turnings remained at 63¢/lb on Thursday. 


Processors expect buying prices to increase in tandem with the rise in LME Nickel, which moved in a narrow range on Thursday. 


LME nickel prices rose by $10/mt from Wednesday with the official three-month LME Nickel contract settling at $12,815/mt on Thursday. The official cash contract closed Thursday at $12,800/mt, up by $100/mt from Wednesday. 

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