China 316 Stainless Steel Scrap Price Increases

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On March 7, 2013, Chinese 316 stainless steel scrap jumped up 0.6 percent, making it the day’s biggest increase.

today's metal prices - MetalMiner IndXAfter two flat days, the price of Chinese 304 stainless steel scrap inched up 0.6 percent on Thursday. The price of Chinese 304 stainless coil finished the day following a 0.6 percent increase. After two changeless days, the price of Chinese primary nickel fell 0.2 percent. The price of Chinese 316 stainless coil was unchanged.

The price of Chinese ferro-chrome saw little movement. The price of Chinese ferro-moly remained essentially flat.

On the LME, the spot price of nickel increased 0.4 percent to $16,570 per metric ton. On the LME, the 3-month price of nickel rose 0.3 percent to $16,625 per metric ton. The Indian nickel cash price fell 0.3 percent to INR 903.90 ($16.52) per kilogram.

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