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