Chinese 304 Stainless Steel Scrap Moves Down 1.1 Percent

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Over on the MetalMiner Stainless MMII® Chinese 304 stainless steel scrap saw the biggest price shift of the day, dropping 1.1 percent. The price of Chinese primary nickel flattened following two-days of declines. Chinese 316 stainless steel scrap stayed flat at around $2,700 per metric ton. The price of Chinese 304 stainless coil held steady.  The price of Chinese 316 stainless coil was essentially unchanged.

For the fifth consecutive day, the price of Chinese ferro-chrome held flat and the price of Chinese ferro-moly also remained essentially flat.

After a 0.6 percent increase, the cash price of primary Indian nickel finished the day up while on the LME, the nickel 3-month price fell 0.6 percent to $16,215 per metric ton. On the LME, the spot price of nickel declined 0.5 percent to $16,175 per metric ton.

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