On March 27, 2013, the day’s biggest mover was the Indian nickel cash price, which saw a 1.7 percent decline.
After a 0.1 percent increase, the nickel 3-month price finished the day on the LME at $17,025 per metric ton. On the LME, the nickel spot price rose 0.1 percent to $16,945 per metric ton.
Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.
The price of Chinese primary nickel saw little movement on Wednesday.
The price of Chinese 316 stainless coil held steady. The price of Chinese 304 stainless coil was unchanged. For the fifth consecutive day, the price of Chinese 316 stainless steel scrap held flat. The price of Chinese 304 stainless steel scrap saw little movement.