Stainless Steel Price Round-Up: Slight Shift for US 316 Allegheny Ludlum Surcharge

Chinese stainless steel prices were mixed for the week. Chinese ferro-chrome traded sideways last week. Prices for Chinese ferro-moly remained constant, closing the week.

The price of Chinese primary nickel finished the week down 1.6 percent. Chinese 304 stainless steel scrap remained unchanged for the week. The week finished with no movement for Chinese 316 stainless steel scrap. Following a steady week, prices for Chinese 304 stainless coil closed flat. Chinese 316 stainless coil remained essentially flat from the previous week.

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The price of Korean 430 stainless steel coil did not change since the previous week. Korean 304 stainless coil prices held steady from the previous week.

The cash price of primary Indian nickel rose 0.9 percent after falling 0.3 percent during the previous week. The 3-month price of nickel fell 0.6 percent on the LME to $14,210 per metric ton after rising 0.3 percent the week before. Following a 0.2 percent increase in the week prior, the spot price of nickel fell 0.6 percent on the LME last week to $14,180 per metric ton.

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