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The week’s biggest mover on the weekly Stainless MMI® was the price of Chinese primary nickel, which saw a 11.5 percent increase to CNY 118,000 ($18,993) per metric ton. Prices for Chinese 304 stainless steel scrap remained constant, closing the week at CNY 16,400 ($2,640) per metric ton. Closing at CNY 16,100 ($2,591) per metric ton, Chinese 316 stainless steel scrap remained unchanged for the week. At CNY 16,400 ($2,640) per metric ton, the price of Chinese 304 stainless coil did not change since the previous week. At CNY 26,000 ($4,185) per metric ton, the week finished with no movement for Chinese 316 stainless coil.

Read more at: https://agmetalminer.com/2014/04/stainless-mmi-chinese-nickel-rises-as-pig-iron-production-falls/