On April 3, 2013, Chinese 304 stainless steel scrap jumped up 2.3 percent, making it the day’s biggest increase.
After a 2.3 percent increase, Chinese 304 stainless coil finished the day up too. The price of Chinese primary nickel declined 1.5 percent.
The price of Chinese ferro-chrome remained essentially flat. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row.
The 3-month price of nickel dropped by 1.5 percent on the LME to $16,445 per metric ton after holding steady. Following a quiet couple of days, the nickel spot price fell 0.9 percent yesterday on the LME to $16,385 per metric ton.
The cash price of primary Indian nickel weakened by 1.1 percent.