Chinese Stainless Steel Scrap Price Moves Down, Nickel Improves

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On April 8, 2013, the day’s biggest mover was the price of Chinese 304 stainless steel scrap, which saw a 2.2 percent decline.

today's metal prices - MetalMiner IndXMonday’s price drop of 2.2 percent carried the price of Chinese 304 stainless coil to a thirty-day low. The price of Chinese 316 stainless steel scrap remained essentially flat. The price of Chinese 316 stainless coil was unchanged.

The price of Chinese ferro-chrome saw little movement. The price of Chinese ferro-moly continues hovering in place for the fifth day in a row.

The price of Chinese primary nickel finished the day following a 0.6 percent increase. Following a 1.0 percent rise on Monday, the cash price of primary Indian nickel closed up slightly.

The nickel spot price saw a 0.7 percent decline on the LME to $15,925 per metric ton. On the LME, the 3-month price of nickel declined 0.6 percent to $16,000 per metric ton.