On Feb. 25, 2013, the day’s biggest mover was the price of Chinese 316 stainless coil, which saw a 1.1 percent decline.
Chinese 304 stainless steel scrap ended the day with a 0.6 percent drop on Monday. Chinese 304 stainless coil closed 0.6 percent lower. Chinese 316 stainless steel scrap saw little change in its price yesterday.
For the fifth consecutive day, the price of Chinese ferro-chrome held flat. The price of Chinese ferro-moly was unchanged.
The nickel spot price on the LME has been on the decline for 10 days and is now at $16,735 per metric ton. The nickel 3-month price steadied at $16,845 per metric ton following two-days of dropping prices on the LME.