Daily Stainless Steel Prices Roundup – April 17, 2012

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Chinese Ferro Alloys Taking It Easy

On April 16, 2012, the price of Chinese ferro-moly was unchanged, hovering above $23,000 per metric ton. For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat, staying above $1,300 per metric ton.

Chinese Stainless Prices Holding Pat

Chinese 316 stainless steel scrap saw little change in its price yesterday, hovering in the range of $2,900 per metric ton. Chinese 304 stainless coil held its value yesterday at near the $3,000 per metric ton mark. The price of Chinese 304 stainless steel scrap hardly moved yesterday, remaining in the mid-$2,900 per metric ton range. At over $5,000 per metric ton, the price of Chinese 316 stainless coil kept steady as well.

Nickel Prices Slowing Down

Following a two-day rise on the LME, the 3-month price of nickel flattened at $18,455 per metric ton. The primary nickel cash price flattened out at $18,400 per metric ton following a two-day increase on the LME.

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Comments (4)

  1. Guest says:

    The difference betweeen 304 coil and scrap is only $100?

    1. Sid stainlesssteel.me says:

      No read carefully the differance is 316 scrap and 304 coil

      1. Guest says:

        Look at the second and third sentences. Looks like they are both referring to 304 scrap and coil.

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