The 3-month price of nickel experienced the biggest price decline of the day, dropping 3.3 percent on the LME to close at $16,620 per metric ton on March 19, 2013. On the LME, the nickel spot price fell 3.2 percent to $16,550 per metric ton.
Chinese stainless steel closed mixed on Tuesday. The price of Chinese ferro-chrome remained essentially flat. The price of Chinese ferro-moly held steady.
Following three days of little change, the price of Chinese 304 stainless coil rose by 1.1 percent. On the tail of a three-day flat streak, the price of Chinese 304 stainless steel scrap rose by 1.1 percent. The price of Chinese 316 stainless coil remained steady. The price of Chinese 316 stainless steel scrap continues hovering in place for the fifth day in a row.