Daily Stainless Steel and Nickel Prices Roundup – April 25, 2012

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On April 24, 2012, 3-month prices of LME nickel fell by one percent, landing at $17,625 per metric ton and making it the day’s biggest mover in stainless steel inputs. Also on the LME, primary nickel spot prices fell 0.9 percent to $17,595 per metric ton.

Chinese stainless steel and its inputs closed mixed on Tuesday.

The price of Chinese 316 stainless coil was unchanged at CNY 32,000 ($5,075) per metric ton. Chinese 304 stainless coil saw little change in its price yesterday at CNY 18,600 ($2,950) per metric ton. The price of Chinese 316 stainless steel scrap remained steady at CNY 18,100 ($2,871) per metric ton. Chinese 304 stainless steel scrap stayed flat at around CNY 18,600 ($2,950) per metric ton.

The price of Chinese ferro-moly held steady at CNY 145,000 ($22,999) per metric ton. The price of Chinese ferro-chrome continues hovering around CNY 8,300 ($1,316) per metric ton for the fifth day in a row. The price of Chinese primary nickel increased 0.2 percent to CNY 131,500 ($20,857) per metric ton.

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