Daily China Stainless Steel Scrap Price Weakens

The day’s biggest mover – the price of Chinese 316 stainless steel scrap – broke away from a static phase with a 3.6 percent drop on March 5, 2013, after three changeless days.

today's metal prices - MetalMiner IndXChinese 304 stainless steel scrap saw little change in its price on Tuesday. The price of Chinese 304 stainless coil showed little movement as well. The price of Chinese 316 stainless coil remained essentially flat.

For the fifth consecutive day, the price of Chinese ferro-chrome held flat. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row.

The price of Chinese primary nickel flattened after two days of downward movement.

The Indian nickel cash price weakened by 0.9 percent. On the LME, the 3-month price of nickel inched up 0.7 percent to $16,600 per metric ton. On the LME, the spot price of nickel gained 0.7 percent to finish at $16,535 per metric ton.

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