On Feb. 28, 2013, the day’s biggest mover was the nickel spot price, which saw a 1.2 percent increase on the LME to $16,705 per metric ton. This increase comes after the price fell for the two previous days.
The 3-month price of nickel rose 1 percent on the LME to $16,755 per metric ton after a two-day drop.
Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome saw little movement. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row.
Chinese 304 and 316 stainless coil and scrap prices stayed flat.