Prices Up Again for US 316 Allegheny Ludlum Surcharge

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Metal Prices, Premium

Chinese stainless steel closed mixed on Wednesday. For the fifth consecutive day, the price of Chinese ferro-chrome held flat at CNY 8,300 ($1,362) per metric ton. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row, remaining around CNY 145,000 ($23,798) per metric ton.

The price of Chinese primary nickel fell 0.2 percent to a 30-day low of CNY 94,700 ($15,543) per metric ton on Wednesday. The price of Chinese 316 stainless coil saw little movement at CNY 26,000 ($4,267) per metric ton. The price of Chinese 304 stainless coil continues hovering around CNY 16,400 ($2,692) per metric ton 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, remaining around CNY 16,100 ($2,642) per metric ton. The price of Chinese 304 stainless steel scrap was unchanged at CNY 16,400 ($2,692) per metric ton.

At INR 867.00 ($13.88), 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.

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