[Ferro-Alloys.com] The price of Chinese 304 stainless steel scrap closed with a drop on Aug. 17, 2012, halting its three-day flat run with a 1.1 percent drift.

 

After three essentially changeless days, the price of Chinese 304 stainless coil dropped 1.1 percent last Friday while the price of Chinese primary nickel finished the market day up 0.5 percent per metric ton. The price of Chinese 316 stainless steel scrap held steady at above USD 2,600 per metric ton. The price of Chinese 316 stainless coil remained essentially flat as well.

 

The prices of Chinese ferro-chrome and ferro-moly saw essentially no change for the fifth day in a row.