Prices Up Again for US 316 Allegheny Ludlum Surcharge

by on

Chinese stainless steel closed mixed on Wednesday. For the fifth consecutive day, the price of Chinese ferro-chrome held flat. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row.

FREE Download: The Monthly MMI® Report – covering the Stainless/Nickel markets.

The price of Chinese primary nickel fell 0.2 percent to a 30-day low on Wednesday. The price of Chinese 316 stainless coil saw little movement. The price of Chinese 304 stainless coil continues to hover for the fifth day in a row. The price of Chinese 316 stainless steel scrap saw essentially no change for the fifth day in a row. The price of Chinese 304 stainless steel scrap was unchanged.

* Get the complete prices every day on the MetalMiner IndX℠

The Indian nickel cash price finished the market day up 0.6 percent per kilogram. The nickel 3-month price saw little price change yesterday on the LME at $13,540 per metric ton. On the LME, the spot price of nickel held steady around $13,470 per metric ton.