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Stainless Steel News and Nickel Prices



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Tuesday, April 30

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $8.72/lb ($19,220/tonne). Indicators at 5:40 am CST today show nickel trading  unchanged. Stockpiles of nickel stored in LME licensed warehouses also went unchanged on Monday and remain just under the 78,600 tonne level. Shanghai nickel rose to 143,140 y/t overnight. A reminder.... Shanghai markets will be closed for the remainder of this week for their Labour Day holiday. As we end another month, we want to thank our site sponsor for their continued support. If you haven't visited their website yet, or its been awhile since you have, we invite you to visit PA Inc's new website. And if they offer product you use, please give them a shot on your next quote. It is their support that makes it possible to keep this news site updated daily. Stay safe out there today, and we hope to see you again in May.
  • Average price of LME traded cash nickel so far this month - $8.23/lb

  Reports

  • Reuters metals morning - LME zinc set for best monthly gain since 2006 - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • AMT Insight – Base Metals: Russian sanctions reverberate - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Monday's market review - Copper hits two-year high, buoyed by BHP bid for Anglo - Copper prices soared to two-year highs on Monday, driven by supply concerns highlighted by BHP Group’s bid for Anglo ... - more

   First Quantum to shut down Ravensthorpe nickel mine - Canadian miner First Quantum Minerals has decided to shut down its Ravensthorpe nickel operation in Western Australia. - more

   Steel market outlook deteriorates further in aftermath of worse-than-expected recession - The outlook for the European steel market in 2024 continues to lose momentum amidst persisting challenging conditions. - more

   CISA: China's steel industry needs to reduce inventory and secure margins - China's steel sector currently faces high output, high costs, and high inventory levels, alongside low demand, low prices, and .... - more

  • Trade defense focus grows as Chinese steel exports rise - more
   Volgograd region becoming large stainless steel distribution center - According to reports, the 10th International Conference on "Stainless Steel and the Russian Market" was held in Volgograd, Russia. - more

   Takeover rules to prevent Anglo from saying much on BHP bid at AGM - BHP’s $39 billion bid will be the elephant in the room at Anglo American’s Tuesday annual general meeting, with regulations meaning little ... - more

   Courtesy AISI - In the week ending on April 27, 2024, domestic raw steel production was 1,701,000 net tons while the capability utilization rate was 76.6 percent. Production was 1,769,000 net tons in the week ending April 27, 2023 while the capability utilization then was 78.6 percent. - more

   Indonesia: remember the dead, fight for the living - On 28 April, 2024 a commemoration event was held in Morowali, Central Sulawesi, Indonesia to honor 21 workers who died in the furnace explosion... - more

   Other News

  • CPCA: China’s passenger vehicle retail sales in Apr down 5.3% from Mar - more
  • U.S. Demand for Shein, Temu Prompts Rise in Air Cargo Rates - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Monday, April 29

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $8.73/lb ($19,255/tonne). Indicators at 5:45 am CST today show nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose on Friday and ended last week just under the 78,600 tonne level. Shanghai nickel fell to 132,850 y/t overnight. Here is your vacation schedule for the first of May. Shanghai markets are closed Wednesday May 1st, and remain so for the remainder of the week. London markets are closed Monday, May 6th - all closures for the Labour Day holiday. Anglo rejected BHP's initial offer, but no one expects BHP to give up after the first try. LME nickel stockpiles hit their highest recorded level since March 2022 on Friday. But the price continues to climb. Stay safe out there and have a great Monday!
  • Average price of LME traded cash nickel so far this month - $8.20/lb

  Reports

  • Reuters metals morning - Copper trends higher on tight supply; BHP-Anglo American deal in focus - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • WSJ Weekend Edition - pdf here
  •  University of Michigan: Consumer Sentiment - more
  • Consumer Loans: Credit Cards and Other Revolving Plans - graph here

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    BHP considering improved proposal for Anglo American after bid rejected, source says - BHP Group, opens new tab is considering making an improved offer for Anglo American, opens new tab after... - more

  • Anglo American does not find BHP $39 bln offer attractive - more
  • BHP's $39 Billion Copper Play Was Years in the Making - more
   Yusco rises stainless steel export prices for May - Yieh United Steel Corp. (Yusco), a leading stainless steel mill in Taiwan, has announced its stainless steel price list in the domestic market for May,  ... - more

   Australia's Ardea soars on nickel project deal with Sumitomo, Mitsubishi - The Australian nickel miner says it signed a binding deal with Japan's Sumitomo Metal Mining and Mitsubishi Corp to develop the ... - more

    New Caledonia's pro-French party gets first Kanak President - (excerpt) He also has a good knowledge of the nickel industry (he worked for French Société le Nickel company and is still an advisor to ... - more

   Indonesian Miner Eyes Nickel Assets as it Shifts Focus From Coal - Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to ... - more

  • Indonesia proposes critical minerals trade deal with US - more
  • Indonesia issues new mining permit for Vale Indonesia, minister says - more
  • Deforestation in Indonesia spiked last year, but resources analyst sees better overall trend - more

   Few executives believe their supply chains can respond quickly to disruptions - When a Dun & Bradstreet report came out in March suggesting that most supply chains are underprepared for big disruptions,... - more
(Opinion - Manufacturers turn to single source suppliers to keep their operation sustained. Keeping their customers supplied is a distributors sole purpose and under that constraint, and the ease of replaceability, they can not afford to use single sources. For example - Dollar Tree has multiple warehouses but if they didn't...... Dollar Tree warehouse in Marietta, Oklahoma this weekend (video here))

   Other News

  • U.S. Economy Slows as Inflation Heats Up in Q1 2024 - more
  • Pair of $1 bills with same printing error could be worth thousands. How to check - more
  • EU criticises Russia over control of German, Italian firms' units - more
  • Russian think tank warns of stagnating industrial output, investment - more
  • Tesla Autopilot Linked To 13 Deaths, Hundreds Of Crashes In New Investigation - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Friday, April 26

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $8.66/lb ($19,100/tonne). Indicators at 5:45 am CST today show nickel trading around $.15/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started today just under the 77,800 tonne level. Shanghai nickel rose to 145,870 y/t overnight. Nickel bulls have rested up and appear to be making another rush higher to end the week, and thanks in part to a slowly strengthening Euro and fresh fund investment, they appear to be successful .... so far. The last few weeks have seen nickel end the week higher, more gains seen on Monday, and then a sharp fall on Tuesday. We will see how this rally works out. Stay safe out there and have a great weekend!
  • Average price of LME traded cash nickel so far this month - $8.17/lb

  Reports

  • Reuters metals morning - Copper hits two-year high, surpassing $10,000/T on investment flows - more
  • Refinitiv Inside Commodities - site down
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Taiwan’s stainless steel market expected to keep uptrend - The stainless steel market is experiencing a resurgence, because the international nickel surged, and Taiwanese upstream steel manufactures’ price lists ...- more

    INSG's latest forecasts cold comfort for nickel producers - Nickel has rallied hard this month, clawing back some of the territory lost during its relentless price slide over the course of 2023. - more

    Acerinox reports a significant reduction in debt and an increase in EBITDA in the first quarter of 2024 - (excerpt) Acerinox announced on February 5 the signing of an agreement under which its wholly owned US subsidiary, North American Stainless, will acquire Haynes International, a US leading developer, manufacturer, and marketer of technologically advanced high-performance alloys. - more

  • Acerinox focuses on US market development - more

    Anglo American does not find BHP $39 bln offer attractive, sources say - Anglo American does not consider a proposed $39 billion takeover offer from BHP Group as attractive, two sources told Reuters, ... - more

   Other News

  • Apple cuts 14 suppliers over conflict minerals - more
  • Shenzhou-18 successfully launched, sending three taikonauts, fish to Chinese space station - more
  • Talking Supply Chain: Understanding the FTC’s ban on non competes - more

  Economic Stats and Prices (posted in Friday edition)

  • U.S. Steel Import Monitor - here
  • SIMA Melt & Pour Dashboard - here
  • US Economy At a Glance - more
  • US Economic Indicators - more
  • US Economic Activity - (every Monday) - pdf here
  • US Fed NY Weekly Economic Index - more
  • FX Street Economic Calendar - more
  • Iron Ore Price Graph - 1  2  3 
  • India MCX Nickel Price - more
  • Baltic Dry Index - chart
  • COVID By The Numbers - here
  • How is your state faring? - more
  • What time is it in....? - more
  • Euro/US Dollar chart - here
Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Thursday, April 25

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $8.58/lb ($18,905/tonne). Indicators at 5:50 am CST today show nickel trading around $.05/lb higher. Stockpiles of nickel stored in LME warehouses rose on Wednesday and ended that session just over the 77,600 tonne level. Shanghai nickel rose to 143,820 y/t overnight. The bears and bulls appear to be fighting over the $19,000 tonne level and at the moment, the Euro is helping the bulls by sneaking higher. BHP made a takeover bid for Anglo American today, that will be interesting to watch as shareholders scramble to figure out what it means for their company. Stay safe out there and have a great day!
  • Average price of LME traded cash nickel so far this month - $8.15/lb

  Reports

  • Reuters metals morning - Copper rises on funds inflow, potential supply shortage - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • AMT LME COTR Analysis 23 April - more
  • APeram Sustainability Report 2023 - pdf here

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Wednesday's market review - Copper back on the rise despite lack of Chinese buyers - Copper resumed its upward momentum on Wednesday after a two-session pause, but traders said Chinese ... - more

   China's stainless steel products imports, exports hike in Jan-Mar y-o-y - According to the report, China imported approximately 608,000 tons of stainless steel products from January to March, increasing by... - more

   More Chinese Nickel Seen Flowing Overseas After LME’s Russia Ban - More Chinese nickel is expected to flow overseas after the London Metal Exchange banned new Russian supplies, according to Mysteel Global. - more

   China crude steel production -7.8% on March, 2023 and -4.0% on Q1 2023 - Worldsteel reported crude steel production in China at 88.3 million metric tonnes in March, 7.8% lower than in March, 2023. - more

   BHP Targets Anglo in Bid Valuing Miner at $39 Billion - BHP Group Ltd. proposed a takeover of Anglo American Plc that values the smaller miner at £31.1 billion ($38.9 billion), in a deal that would create the ... - more

   Five Eyes countries working to fight critical minerals dumping, Canada minister says - Canada and its Five Eyes Alliance partners are working on put forward a response to tackle the price manipulation of critical ... - more

   Will Indonesia's New President Continue Nickel Policy, Which Undercuts Competitors? - When Indonesia's new president, Prabowo Subianto, assumes office in October he'll preside over the world's biggest nickel ... - more

   Survey reveals strategies for addressing supply chain, logistics labor shortages - A talent shortage has dominated the conversation in multiple industries. The supply chain is no different. Back in January, ...- more

 Battery Recycling Shatters the Myth of Electric-Vehicle Waste - Are electric cars really that much better for the environment? With recycling, the question is a no-brainer. - more

   Other News

  • Corrosion Study on Duplex Stainless Steel UNS S31803 Subjected to Solutions Containing Chloride Ions - pdf here
  • DOL will raise overtime salary threshold to $44K in July, $59K next year - more
  • The History of Vaccines - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Wednesday, April 24

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $8.64/lb ($19,055/tonne). Indicators at 5:50 am CST today show nickel trading around $.08/lb higher. Stockpiles of nickel stored in LME licensed warehouses went unchanged on Tuesday and remain just under the 76,900 tonne level. Shanghai nickel rose to 142,990 y/t overnight. Unlike Monday, when nickel jumped prices after we posted, all of the movement yesterday took place early and nickel traded quietly during the afternoon. While the official price for the day registered below, the $19,000 tonne level held and nickel is trading back higher this morning. Worldsteel reports global steel production was down 4.3% YOY in March. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $8.12/lb

  Reports

  • Reuters metals morning - non posted
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Talon Metals Investor Presentation - pdf here

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

   Nickel price surge triggers swift market reactions in stainless steel industry - Last week, LME nickel prices surged above US$19,300 per ton, followed by further increases in the Asian market this Monday. - more

   March 2024 crude steel production - World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.2 million tonnes (Mt) in March 2024, a 4.3% decrease... - more

    China's steel demand expected to be weak in traditionally stronger Q2 - China's overall steel demand is expected to remain subdued in a traditionally stronger second quarter, mill and trading sources said... - more

   Merafe Resources’ ferrochrome output falls in Q1 - South Africa-based ferrochrome producer Merafe Resources has announced its production results for the first quarter of the current year. Accordingly .... - more

   For High Nickel Alloy and Specialty Stainless Steel Piping Requirements - contact PA Inc at 713-570-4900 and visit them at www.painc.com

   Australian battery metal company shifts to gas amid nickel slump - A company that had planned to process imported nickel ore in Australia to supply the electric vehicle industry says it is switching its focus... - more

 IEA Global EV Outlook 2024 - The Global EV Outlook 2024 was prepared by the Energy Technology Policy (ETP) Division of the Directorate of Sustainability, Technology and Outlooks(STO) of the... - pdf here

   Other News

  • China lays out five major goals it expects to focus on for Blinken's China visit - more
  • California Homeowners: Insured No More Amid Fire Danger - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Tuesday, April 23

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $8.90/lb ($19,620/tonne). Indicators at 5:50 am CST today show nickel trading around $.27/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose sharply for a second consecutive day, and started today's trading session just under the 76,900 tonne level. Shanghai nickel fell to 140,970 y/t overnight. Profit taking appears to be the order of the day with the $19,000 tonne level being used as a temporary base by the nickel bulls to protect their rally. More news than normal today so we leave you to it. Stay safe out there and have a great Tuesday!
  • Average price of LME traded cash nickel so far this month - $8.10/lb

  Reports

  • Reuters metals morning - none found
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

   China’s stainless steel exports up 9.8 percent in Q1 - In March this year, China's stainless steel imports amounted to 152,700 mt, down 31.4 percent month on month, while up 23.8 percent year on year ... - more

   EU importers of stainless-steel products from Turkey, Vietnam, Taiwan to face anti-circumvention duties at bloc’s borders - EU companies relying on imports of stainless steel cold-rolled flat products from .... - more

   China’s steel sector has bigger worries than Biden tariff hike - U.S. President Joe Biden’s push to triple tariffs on Chinese steel imports strikes a mostly symbolic blow on an industry facing bigger concerns... - more

   Chinese Nickel Billionaire Boosts Australian Miner in Indonesia - A little-known Australian company is becoming the Western face of a Chinese nickel behemoth. - more

   EU steel industry faces supply and demand challenges - Balancing supply and demand will continue to prove a challenge for Europe’s steel industry despite forecasts that 2024 could mark the start of a turnaround. - more

   The nickel price crash and the road to recovery in Australia - Miners in Australia are feeling the brunt of the global nickel price crash, from mine closures to forecast reductions and government intervention. - more

   Courtesy AISI - In the week ending on April 20, 2024, domestic raw steel production was 1,716,000 net tons while the capability utilization rate was 77.3 percent. Production was 1,769,000 net tons in the week ending April 20, 2023 while the capability utilization then was 78.6 percent. - more

   Other News

  • Military Spending Rises Fastest in Asia, Eastern Europe - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Monday, April 22

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $8.77/lb ($19,335/tonne). Indicators at 6:00 am CST today show nickel trading around $.01/lb lower. Stockpiles of nickel store din LME licensed warehouses jumped sharply on Friday and ended the week just over the 74,900 tonne level. Shanghai nickel rose to 143,080 y/t overnight, and we will be switching to the June contract tomorrow, which stands at 143,580 y/t this morning. Business media is reporting nickel is much higher this morning, but we see little change from Friday's close. There was a big jump on Friday, where we saw a near $800 tonne jump on one day, and nickel is trading well into the $19,000 tonne range. So where is nickel heading in the coming weeks? Stay tuned and we will learn that together. One thing for sure. The EV battery industry is learning what stainless steel producers have known for years. Nickel prices can be very fickle. Stay safe out there and have a great week! 
  • Average price of LME traded cash nickel so far this month - $8.06/lb

  Reports

  • Reuters metals morning - Nickel at multi-month highs as talks of Chinese purchase fuel supply fears - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Consumer Loans: Credit Cards and Other Revolving Plans - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Friday's market review - Nickel price hits seven-month high on talk of Chinese government buying - Nickel prices hit a seven-month high on Friday, driven by market talk of Chinese plans to buy the metal for ... - more

    Russian nickel ban an ‘upward driver’ of LME prices - The US and UK governments have implemented sanctions that will ban imports of nickel produced in Russia – more than two years after the start of ... - more

   Taiwan's stainless steel manufacturing cost increases - LME nickel prices remained at a high level these days. Taiwanese dollars also depreciated sharply against the US dollar, which pushed the purchasing ... - more

   New Caledonia to allow nickel exports to China, newspaper reports - New Caledonia will remove restrictions on the sale of nickel ore to China, according to a report in the Australian newspaper that cited no sources. - more

  • New Caledonia’s nickel French 'pact' in limbo - more
  • Protests erupt in New Caledonia as France amends colony’s electoral system - pdf here
   What New Metal Sanctions on Russia Mean for Global Trade - No Russian nickel, aluminium and copper produced from 13 April onwards will be eligible for delivery to the LME or the Chicago Mercantile Exchange (CME). - more

   China Vows to Act After U.S. Calls for Tariffs on Steel Products - China slammed a U.S. plan to impose new restrictions on its steel and aluminum products, saying it will take action to protect the country’s interests. - more

   Other News

  • Governments must broker local support for mines, industry group says - more
  • Are Americans Moving From Blue to Red States? - more
  • Distributors' Defense Against Inflation and Market Change - more
  • Joe Biden vows to block US Steel acquisition by a Japanese company and promises tariffs on Chinese steel - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Friday, April 19

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $8.43/lb ($18,580/tonne). Indicators at 5:30 am CST today show nickel trading around $.32/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started today, just over the 73,750 tonne level. Shanghai nickel rose to 140,900 y/t overnight. Nickel soared over the $19,000 tonne level early today and has shown little evidence of giving much back in later trading. With nickel trading under $18,000 tonne just two days ago, it is safe to claim that volatility continues to rule nickel trading. The chart favors the bulls, and with the INSG signaling the worldwide surplus of nickel continues to weaken, the bulls may have plenty of pasture to graze in. Stay safe out there and have a great weekend!
  • Average price of LME traded cash nickel so far this month - $8.01/lb

  Reports

  • Reuters metals morning - non posted
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • ITS State of Steel - April 2024 - more
  • Beige Book - April 2024 - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Thursday's market review - Copper rallies to 22-month high as inventories tighten, dollar slips - Copper prices climbed to the highest levels in 22 months on Thursday as funds extended their buying ... - more

    Global nickel market in 12,100 T surplus in February - INSG - The global nickel market had a surplus of 12,100 metric tons in February, down from a surplus of 14,300 tons a year earlier, data from the ... - more

    Steven Brown’s Post - Here's a map of Indonesia's nickel production centers, showing Ni production capacity including projects in construction and credible projects in the planning stage. - more   (if you look just above the map you will see the words "...including projects in operation..." - Mount Ruang is located about where the word "in" sits above the map - Indonesia mountain erupts - more) Currently erupting volcanoes - more

  • Vale Partners with Three Chinese Companies to Build Nickel Smelters in Indonesia - more

   Shares of Norilsk Nickel and Rusal fell amid soaring prices for copper and aluminum - This contradictory behavior of securities of Russian companies is to blame for new US sanctions against Russian metallurgists. - more

   Other News

  • China expresses support for Palestine's full UN membership ahead of Security Council vote - more
  • German industry may not recover from energy crisis - more
  • How U.S. County Poverty Rates Changed From 2013-2017 to 2018-2022 - more

  Economic Stats and Prices (posted in Friday edition)

  • U.S. Steel Import Monitor - here
  • SIMA Melt & Pour Dashboard - here
  • US Economy At a Glance - more
  • US Economic Indicators - more
  • US Economic Activity - (every Monday) - pdf here
  • US Fed NY Weekly Economic Index - more
  • FX Street Economic Calendar - more
  • Iron Ore Price Graph - 1  2  3 
  • India MCX Nickel Price - more
  • Baltic Dry Index - chart
  • COVID By The Numbers - here
  • How is your state faring? - more
  • What time is it in....? - more
  • Euro/US Dollar chart - here
Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Thursday, April 18

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $8.25/lb  ($18,180/tonne). Indicators at 5:45 am CST today show nickel trading around $.13/lb  higher. Stockpiles of nickel stored in LME licensed warehouses fell on Wednesday and started today just under the 73,500 tonne level. Shanghai nickel rose to 138,270 y/t overnight. Nickel ended higher yesterday, helped in part by a strengthening Euro. It continues to trade higher today, even though the Euro has paused its move higher. LME nickel averaged $7.91/lb last month and so far this month, is averaging $7.99/lb. If it maintains this average, the nickel average will have moved higher every month of 2024. Stay safe out there and enjoy your Thursday!
  • Average price of LME traded nickel so far this month - $7.99/lb

  Reports

  • Reuters metals morning - Base metals rise as dollar rally pauses - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Wednesday's market review - Copper climbs as dollar slips; aluminium steady - Copper prices rose in London on Wednesday as support from a weaker U.S. dollar offset concerns about demand from top ... - more

   CRC prices in Asian markets gradually strong - The price of cold-rolled stainless steel coil in the Asian market continues to rise. The main factors that caused such a phenomenon include the growing demand ... - more

   BHP to decide fate of Western Australia nickel business by August - BHP Group on Thursday said it expects to announce the fate of its Western Australian nickel operations by August, while it trimmed ... - more

   Glencore acts to profit from LME post-sanction rule change - Mining and trading house Glencore, opens new tab aims to take thousands of metric tons of Russian aluminium from the London Metal ... - more

   Biden Calls for Tripling of Tariffs on Chinese Steel and Aluminum - President Biden has called on the U.S. Trade Representative to triple existing tariffs on steel and aluminum coming from China, to 22.5%. - more

  • US to Investigate China's Shipbuilding as Biden Calls for New Steel Tariffs - more
  • AISI Applauds Biden China Tariff Hike Announcement - more
 EV growth shifts gear - Today, EVs are not an uncommon sight on roads and parking lots in major markets thus making the idea of sustainable transportation seem feasible.  - more

   Other News

  • Who's to Blame for the U.S. Fentanyl Crisis? - more
  • Manufacturing could be short 1.9M workers if the talent gap isn’t fixed - more
  • Amazon leapfrogs UPS, and 4 other takeaways from a top shipping index - more
  • China’s exports to Russia slump amid US threat of war sanctions - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Wednesday, April 17

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $8.07/lb ($17,790/tonne). Indicators at 5:45 am CST today show nickel trading around $.09/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell sharply for a second day on Tuesday and started today just over the 73,550 tonne level. Shanghai nickel rose to 136,100 y/t overnight. Nickel gave back nearly all of its Monday gains yesterday, showing the confusion over what impact the new Russian sanctions might have on the global supply. It's trading higher this morning, with the psychologically important $18,000/tonne level being tested again. LME nickel stockpile numbers have fallen over 4,000 tonnes from their peak on March 22nd of 77,844 tonnes, although its too early to see a new trend. Nearly 2,000 tonnes of that drop has been recorded in the last two days, so we could be witnessing a knee jerk reaction to the new sanctions. We are in uncharted waters here, and nickel is in much better shape than copper or aluminum is, as we navigate. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $7.98/lb

  Reports

  • Reuters metals morning - Base metals slip as strong dollar, demand concerns weigh - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Tuesday's market review - Commodities Overview: Industrial metals take a break from bullishness - The prices of most non-ferrous metals lost ground on Tuesday, under pressure from a firmer US dollar... - more

   Copper, nickel prices could benefit from Russian metals ban - analyst - The new US and UK sanctions on Russian metals should be good for aluminum, copper and nickel producers, analysts at Jefferies ... - more

    Asian nickel ore tightness seen easing in Q2 on potential Indonesian supply gain - Asia's nickel ore supply tightness will likely ease in the April-June quarter on potential ramp up in Indonesian output, after ... - more

   Global Commodities excludes Russian nickel from its new trading platform - UK-based Global Commodities Holdings Ltd (GCHL) will not accept nickel produced in Russia on its new spot trading platform due .... - more

   Russia is in close contact with metals industry after sanctions, Kremlin says - The Kremlin on Wednesday said the Russian government was in close contact with the metals industry and was discussing ... - more

   Half a million hectares of Indonesian forest under threat from nickel mining, study finds - The race to electrify transport is causing extensive deforestation in Indonesia, a Mighty Earth report finds. - more

  • Nickel industry costs lives and livelihoods in Indonesia’s last nomadic sea tribe - more

   Other News

  • US to grow at double the rate of G7 peers this year, says IMF - more
  • China's economy grew faster than expected in the March quarter - more
  • Republican senator Tom Cotton calls for vigilantism to break up Gaza protests - more
  • La Niña will make a comeback this summer as El Niño finally fades - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Tuesday, April 16

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $8.23/lb ($18,140/tonne). Indicators at 5:50 am CST today show nickel trading around $.14/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell sharply on Monday and ended that session just over the 74,650 tonne level. Shanghai nickel fell to 134,540 y/t overnight. Day one of the Russia nickel sanction saw LME traded nickel jump nearly $600/tonne to start the day, trade choppy during the day, and settle down late. Bullish traders are having a serious problem holding onto the $18,000/tonne level, regardless of bullish geopolitical news. Now everyone is scrambling to figure out if these sanctions could tip the world balance of nickel from the current surplus situation, to a deficit. Time will tell. Stay safe out there and have a great Tuesday!
  • Average price of LME traded cash nickel so far this month - $7.98/lb

  Reports

  • Reuters metals morning - not found
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • AMT Insight – Base Metals: Speculative Bubbles Build - more
  • April constructsteel newsletter - more
  • Manufacturers Sales - more
  • The Commodities Feed: Wait-and-see mode - pdf here

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    LME suspends new Russian metal deliveries after sanctions: Andy Home  - The London Metal Exchange (LME) has suspended the warranting of Russian metal produced on or after April 13 to comply with ... - more

  • 'No immediate supply-demand shock' from LME ban on Russian metals, Goldman says - more
  • Washington, London ban exchange trading of new Russian metal - more

   EURANIMI Raises Alarm Over EU’s Cold Rolled Stainless Steel Investigation - EURANIMI, a prominent advocate for importers in the steel, stainless steel, and aluminum sectors, is sounding the alarm regarding ... - more

   New Caledonian pro-independence activist issues dire warning to France - A pro-independence activist in New Caledonia is warning France to immediately halt planned constitution amendments or face "war".- more (this lead up to an independence vote this fall is worth watching as SLN operations are one of the most obvious 'and targeted' French properties on the island)

   Courtesy AISI - In the week ending on April 13, 2024, domestic raw steel production was 1,726,000 net tons while the capability utilization rate was 77.7 percent. Production was 1,769,000 net tons in the week ending April 13, 2023 while the capability utilization then was 78.6 percent. - more

   Other News

  • The Dark Side of PHEVs - more
  • The great stagnation: Workers feel replaceable amid hiring push - more
  • Tesla laying off more than 10% of staff globally as sales fall - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Monday, April 15

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $8.06/lb ($17,770/tonne). Indicators at 5:45 am CST today show nickel trading around $.16/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose slightly on Friday and started this week just under the 75,550 tonne level. Shanghai nickel rose to 139,240 y/t overnight. Late Friday, the U.S. and U.K. banned imports of Russian nickel, which the LME and CME announced they would honor. This has something that has been threatened ever since Russian invaded Ukraine, and the timing now is bewildering. Whatever the reason for finally making the move, the decision will obviously have a short term effect on nickel prices, and time will tell how long term the effect might last. Busy news weekend thanks in part to this announcement, so we leave you with a page full of news stories. Stay safe out there and have  great week.
  • Average price of LME traded cash nickel so far this month - $7.97/lb

  Reports

  • Reuters metals morning - Metals Spike on LME After Russian Supply Hit by US, UK Sanctions - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Producer Price Index by Commodity: Titanium Shapes - more
  • Producer Price Index by Industry: Truck Transportation - more
  • Producer Price Index by Commodity: Externally Threaded Fasteners - more
  • Producer Price Index by Industry: Corrugated and Solid Fiber Box - more
  • United States Imports For Consumption Of Stainless Steel Products - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

   Growth optimism propels copper to 2022 peaks - Copper prices jumped to their highest since June 2022 on Friday as investors piled into the market on expectations of a demand upswing on the back of ... - more

   US, UK take action targeting Russian aluminum, copper and nickel - Washington and London on Friday prohibited metal-trading exchanges from accepting new aluminum, copper and nickel produced by Russia ... - more

  • LME bans new Russian metal, but braces for a flood of old stock - more
  • CME bans Russian-origin aluminium after U.S., UK impose new sanctions - more
  • Metal Traders Get Ready for Fireworks After LME Russia Ban - more
  • New Metals Sanctions Push Russia Further Into China's Embrace - more
  • What new metal sanctions on Russia mean for global trade - more
  EU hikes tariffs on India, Indonesia stainless steel imports -  The European Union will increase tariffs on stainless steel products from India and Indonesia after determining they benefited from unfair subsidies.... - more

   Eramet Earmarks $2 Billion for Nickel and Lithium Expansion - French miner Eramet SA plans to invest €1.9 billion ($2 billion) in the 2024-26 period, largely to boost production of nickel and lithium as it bets ... - more

   Shyam Metalics and Energy Ltd Unveils Plans for Stainless Steel Flat Products Expansion - Shyam Metalics and Energy Ltd, a prominent and rapidly expanding metals manufacturing company based in India, ... - more

   Thyssenkrupp to cut steel output in Germany by around 20% - Germany’s largest steelmaker, ThyssenKrupp, has revealed plans to reduce steel production by 1.5-2 million tonnes per year in the face of ... - more

   China steel exports hit highest since 2016 on weak local demand - China’s steel exports posted the strongest month since 2016, weeks after US Treasury Secretary Janet Yellen used the industry as an example ... - more

   Other News

  • Russia and China trade new copper disguised as scrap to skirt taxes, sanctions - more
  • EV battery production faces supply chain, geopolitical headwinds - report - more
  • Understanding real, per capita personal consumption expenditures - more
  • 3 takeaways from the FTC’s probe into grocery supply chains - more
  • Fastenal Q1 Sales Rise but Fall Short of Forecasts - more
  • China’s Government: Natural Disasters Cost $3.3 Billion in First Quarter - more
  • Israel bombed an Iranian Embassy complex. Is that allowed? - more
  • Iranian Forces Seize MSC Container ship Near Strait of Hormuz - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Friday, April 12

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $8.04/lb  ($17,725/tonne). Indicators at 6:00 am CST today show nickel trading around $.16/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started just over the 75,500 tonne level this morning. Shanghai nickel slipped to 138,250 y/t. LME traders have taken nickel back above the $18,000 tonne level this morning, but this is in jeopardy, as the Euro has fallen to levels not seen since mid November 2023 this morning. WSA reports stainless steel production increased by 4.6% worldwide last year. Slow news day. Stay safe out there and we hope you have a relaxing - or exciting - weekend.
  • Average price of LME traded cash nickel so far this month - $7.96/lb

  Reports

  • Reuters metals morning - Shanghai aluminium hits two-year high, set for 7th weekly gain - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Truck Tonnage Index - more
  • Recycling Today April 2024 - online here

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Thursday's market review - Copper dips on weak Chinese data, firm dollar - Copper prices edged lower on Thursday on weak consumer inflation data in top metals consumer China and a firm dollar. - more

    The world stainless association has released figures for the full year of 2023 showing that stainless steel melt shop production increased by 4.6% year–on–year to 58.4 million metric tons. - more

    The customs clearance volume of refined nickel dropped significantly in January-February - According to customs data, China imported 6,841 mt of refined nickel (including unwrought non-alloy nickel ... - more

  • China’s refined nickel output rose 1.22% MoM in March - more

   Other News

  • Sibanye could cut 4,000 jobs as it restructures gold operations - more
  • Consumer Inflation Remains Elevated, Likely Delaying Fed Rate Cuts - more
  • China's March exports and imports shrink, miss forecasts by big margins - more

  Economic Stats and Prices (posted in Friday edition)

  • U.S. Steel Import Monitor - here
  • SIMA Melt & Pour Dashboard - here
  • US Economy At a Glance - more
  • US Economic Indicators - more
  • US Economic Activity - (every Monday) - pdf here
  • US Fed NY Weekly Economic Index - more
  • FX Street Economic Calendar - more
  • Iron Ore Price Graph - 1  2  3 
  • India MCX Nickel Price - more
  • Baltic Dry Index - chart
  • COVID By The Numbers - here
  • How is your state faring? - more
  • What time is it in....? - more
  • Euro/US Dollar chart - here
Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Thursday, April 11

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $8.38/lb  ($18,465/tonne). Indicators at 5:45 am CST today show nickel trading around $.13/lb  lower. Stockpiles of nickel stored in LME licensed warehouses fell for a fifth consecutive session, and started today just over the 75,250 tonne level. Shanghai nickel slipped slightly overnight, to 139,610 y/t. Nickel soared to trade over $18,900 tonne for a few moments yesterday, before free falling to below $18,150/tonne over the next hour, and then climbing back to close higher for the day. The free fall was caused by an unexpected jump in US inflation numbers in March, which immediately put the kibosh on a possible U.S. interest rate cut in May, which in turn caused the Euro to nose dive against the U.S. Dollat. This sudden drop in the Euro unnerved bullish traders, and nickel is even lower this morning. The official price for 3 month nickel was $16,745/tonne on April 1st. Yesterday, before the rout began, the official price for 3 month nickel was published at $18,800 / tonne. Six sessions and an increase of over $2,000/tonne can be found in the dictionary as an example of volatility. Stay safe out there  and have a great day!  
  • Average price of LME traded cash nickel so far this month - $7.95/lb

  Reports

  • Reuters metals morning - Copper trades in tight range as firmer dollar weighs - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • AMT LME COTR Analysis 9 April - more
  • AAPA Trade Currents Navigator - pdf here

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Eramet faces mine stoppage in latest New Caledonia snag - French mining group Eramet faces a stoppage from Thursday at some of the mines operated by its troubled New Caledonian nickel ... - more

  • Eramet reaches agreement to continue SLN's New Caledonia operations - more

    China's March stainless steel output and April forecast - According to SMM surveys, China's stainless steel output totalled 3.1781 million mt in March, up 21.87% MoM and 16.38% YoY. 200-series output .... - more

    Taiwan's stainless steel export market becomes strong, but domestic market remains weak  - The Taiwanese stainless steel domestic market currently remains cold despite China and Taiwan's export price increase. - more

    New threat to importers of steel, stainless steel, and aluminium - The Commission Implementing Regulation on circumvention of antidumping and countervailing duties on cold rolled stainless steel (SSCR) from ... - more

   Worldsteel predicts modest steel demand rebound in 2024-25 - Demand for steel worldwide will rebound by 1.7% in 2024 and will grow a further 1.2% next year, worldsteel predicts in a new short-range ... - more

  • worldsteel Short Range Outlook April 2024  - more
   Demand, Chinese exports pressure global longs market: Irepas - While weak demand persists worldwide, “China’s aggressive exports” are putting pressure on the global long steel market. - more

   Other News

  • China refutes Fitch's credit outlook cut - more
  • ICE vs EV Deep Dive: How Gas Cars & Electric Cars Stack Up - more
  • Turkey restricts exports to Israel - more
  • Consumer prices rose 3.5% from a year ago in March, more than expected - more
  • Nearshoring and Potential Trade Triangulation - pdf here
  • US says China spurning farm exports may have political slant - more
  • Exclusive: CEO of commodity trader Trafigura starts handover to successor - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Wednesday, April 10

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $8.28/lb ($18,265/tonne). Indicators at 5:50 am CST today show nickel trading around $.14/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and started today just under the 75,350 tonne later. Shanghai nickel rose to 139,680 tonne overnight. Nickel continues its bullish run which appears to be part and parcel of a much broader buying spree among commodities. The Euro / Dollar spread is offering little assistance, although short traders are being forced to cover again. Fundamentals have not changed to cause a sudden switch in overall sympathy, so putting a finger on a root cause for this run is like playing whack a mole. Other base metals are trading at year highs, while copper is at record highs, so there is a sudden desire to own base metals among fund buyers. This is likely helping nickel prices to rise. Buckle up, as we expect a bumpy rise ahead. Stay safe out there and have a great day! 
  • Average price of LME traded cash nickel so far this month - $7.87/lb

  Reports

  • Reuters metals morning - Aluminium hits 14-month peak on fund buying in buoyant market - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • IREPAS Short Range Outlook : April 2024 - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Tuesday's market review - Copper firms on fund buying despite rising inventories - Copper prices neared a 14-month high on Tuesday on fund buying, despite rising inventories highlighting ample supply. - more

    Taiwan's stainless steel export market becomes strong, but domestic market remains weak - The Taiwanese stainless steel domestic market currently remains cold despite China and Taiwan's export price increase. - more

    U.S. exports and imports of Nickel  - more // U.S. imports and exports of Stainless steel - more // use search bar at top of each linked page to search your SIC of interest

    LME partner Metalshub files first monthly report of low-carbon nickel - London Metal Exchange's partner Metalshub started to publish its monthly report of low-carbon nickel transactions on Tuesday as ... - more

   Other News

  • Mercuria expected to hire Kostas Bintas in metals push, sources say - more
  • The Scale of Food Waste in Europe - more
  • U.S. Treasury Secretary Mulls Possible Tariffs on Green Energy Exports from China - more
  • US-China tensions fragmenting trade and investment, IMF finds - more
  • Fitch cuts China's ratings outlook on growth risks - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Tuesday, April 9

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $8.06/lb ($17,780/tonne). Indicators at 5:45 am CST today show nickel trading around $.06/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell sharply on Monday and started today just over the 75,400 tonne level. Shanghai nickel rose to 137,090 y/t overnight. Nickel is trading at the $18,000 tonne level this morning, returning to a level it reached in early March, only to lose it in mid-March. Stay safe out there and have a great Tuesday!
  • Average price of LME traded cash nickel so far this month - $7.83/lb

  Reports

  • Reuters metals morning - none posted
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Monday's market review - Copper hits 14-month high with support from momentum funds - Copper prices in London hit their highest in more than 14 months on Monday, helped by demand from ... - more

    EU stainless coil prices rise - European contract prices for stainless cold rolled coil are increasing following the hikes implemented by steelmakers last month, sources tell Kallanish. - more

   More than 25 manufacturers are interested in buying nickel from Australian company Nickel Industries - According to foreign power news on April 9, Justin Werner, CEO of Australian-listed Nickel Industries... - more

   London court backs Deripaska in battle of Russian tycoons - Russian tycoon Oleg Deripaska got a boost on Wednesday in a long-running battle for control of Norilsk Nickel when a high court judge ... - more

   Succession Drama Grips Commodity Trading's Billionaire Factories - Trafigura Group has fired the starting gun on an era of upheaval at the top of the commodity trading world, with some of the biggest ... - more

   Courtesy AISI - In the week ending on April 6, 2024, domestic raw steel production was 1,745,000 net tons while the capability utilization rate was 78.6 percent. Production was 1,762,000 net tons in the week ending April 6, 2023 while the capability utilization then was 78.4 percent. - more

   Other News

  • US says SK Battery faces $77,200 in fines over employee health hazards - more
  • Swiss women win landmark climate victory at human rights court - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Monday, April 8

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $8.08/lb ($17,770/tonne). Indicators at 5:45 am CST today show nickel trading around $.04/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Friday and ended the week just under the 77,150 tonne level. Shanghai nickel played catch up overnight, and rose to 136,620 y/t. Nickel bulls appear to be determined to take nickel back to the 18,000 tonne level, after falling below that level in mid-March and bouncing around the 16,650 tonne level just before Easter. This is evidence of a market that has little more to trade on than speculation and anxiety. The anxiety comes from over supply thanks to Indonesia, and less global demand than earlier forecast. Stainless steel demand is either lower or not growing as fast as before, depending on the country, and EV sales are much the same in most areas. Markets do not like uncertainty, and there is plenty of that floating around. Stay safe out there and have a great week!
  • Average price of LME traded cash nickel so far this month - $7.78/lb

  Reports

  • Reuters metals morning - London copper weighed down by Fed rate cut uncertainty - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Consumer Loans: Credit Cards and Other Revolving Plans - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Friday's market review - Copper rally pauses, downside risks start to build - Copper prices fell in London on Friday, stepping away from a 14-month high hit in the previous session as the market focused ... - more

   Mining billionaire Andrew Forrest urges China to demand greener nickel, FT reports - Australian mining magnate Andrew Forrest has called on China to demand higher environmental standards from its global... - more

   EU’s ‘other-country’ HRC quota causes stir, Asia benefits - The EU’s “other country” safeguard quota for hot rolled coil is causing quite a stir lately. It has been exhausted in the second quarter again within days... - more

 In 2021, 86% of US car buyers polled by S & P Global Mobility said they would consider buying an EV. Only 67% said they would in 2023. At least in the U.S., enthusiasm for EV's is waning and sales are down in 2024. Dealers reports inventory stands over a 100 day supply and Tesla has reportedly cut its price multiple times in the last year in an attempt to boost sales.

   Other News

  • Top Trafigura executives retire as new generation steps up - more
  • John Goodenough, Nobel laureate and battery pioneer, dies at 100 - more
  • Solar Eclipses to Hit Major U.S. Metros Within the Century - more
  • FMC Investigation Calls for MSC to Pay $63M for Shipping Act Violations - more
  • Fabricators might get a win related to federal infrastructure projects - more
  • EU sees hope for US minerals deal from new forced labour law - more
  • Used Electric Car Prices & Market Report - Q2 2024 - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Friday, April 5

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $8.02/lb ($17,670/tonne). Indicators at 6:10 am CST today show nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell yesterday, by the exact amount they rose the prior day, and levels returned to just over the 77,600 tonne level. Shanghai market remain closed and will return on Monday. The Euro is slipping a little this morning, but nickel traders refuse to retreat.... so far. Lot of news to end the week so we leave you with it. Stay safe out there and have a relaxing weekend!
  • Average price of LME traded cash nickel so far this month - $7.73/lb

  Reports

  • Reuters metals morning - Most base metals fall as fund managers square positions - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - closed
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • SFSA Casteel Reporter – April 2024 - more
  • Fastener Distributor Index - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Thursday's market review - Copper hits 14-month high on fund buying and softer dollar - Copper prices hit their highest in more than 14 months on Thursday, helped by fund buying after the U.S. ... - more

   Monsters of Rock: Another forecaster takes a dump on nickel - It gets no brighter for nickel, with another forecaster cutting its outlook for 2024 in the face of an Indonesian supply glut. - more

    EU stainless supply issues continue as strikes persist - Stainless steel supply issues caused by ongoing industrial action continues to dominate market discussions in Europe, despite having only a limited... - more

    Brazilian court suspends Vale’s Onca Puma mine operating license again - A local court has again suspended the operating license for Brazilian miner Vale’s Onca Puma nickel mine in the north of the country... - more

    Kishida, Biden, Marcos to agree to bolster nickel supply chain - Japan, the United States and the Philippines will cooperate in strengthening the supply chain for precious metals such as nickel, a key element ... - more

    China steel bar producers call for authorities to restrict output amid price slump - Fifteen of China's major steel bar producers have unanimously called on authorities for measures to restrict steel bar output ... - more

    Nornickel completes stock split - Russian mining giant Norilsk Nickel on Thursday said it had completed a stock split, converting each share into 100 and meaning the total number of ordinary shares now .... - more

    Magnetic Permeability of Stainless Steel - A magnet is not the best method to test for stainless steel. It is commonly thought that stainless steel is non-magnetic, but this is not strictly true and the real ... - more

   Other News

  • Tesla Suffers First Y-o-Y Drop in Deliveries Since Covid - more
  • Busy Shipping Lane off Denmark Closed Due to Malfunctioning Harpoon Missile - more

  Economic Stats and Prices (posted in Friday edition)

  • U.S. Steel Import Monitor - here
  • SIMA Melt & Pour Dashboard - here
  • US Economy At a Glance - more
  • US Economic Indicators - more
  • US Economic Activity - (every Monday) - pdf here
  • US Fed NY Weekly Economic Index - more
  • FX Street Economic Calendar - more
  • Iron Ore Price Graph - 1  2  3 
  • India MCX Nickel Price - more
  • Baltic Dry Index - chart
  • COVID By The Numbers - here
  • How is your state faring? - more
  • What time is it in....? - more
  • Euro/US Dollar chart - here
Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Thursday, April 4

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $7.87/lb ($17,360/tonne). Indicators at 5:400 am CST today show nickel trading around $.06/lb  higher. Stockpiles of nickel stored in LME licensed warehouses rose on Wednesday and started today just under the 77,750 tonne level. Shanghai markets were closed overnight and remain closed for the rest of the week as that country celebrates the Ching Ming Festival.Nickel jumped yesterday, thanks mainly to a Euro that jumped sharply against the U.S. Dollar, and that trend continues this morning. According to The Commodities Pink Sheet published by the World Bank, nickel averaged $18,465/tonne ($8.38/lb) in 2021, $25,834/tonne ($11.72/lb) in 2022, and $21,521/tonne ($9.76/lb) in 2023. It also reports nickel averaged $16,104/tonne ($7.30/lb) in January, $16,338/tonne ($7.41/lb) in February, and $17,439/tonne ($7.91/lb) in March (source). Stay safe out there and have a great day!
  • Average price of LME traded cash nickel so far this month - $7.68/lb

  Reports

  • Reuters metals morning - Copper hits 14-month high on rate cut hopes and soft dollar - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - closed
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • AMT LME COTR Analysis 3 April - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Wednesday's market review - Copper nears two-week high on healthy demand outlook - Copper prices rose on Wednesday to their highest in nearly two weeks, driven by a healthy demand outlook on the .... - more

    Global molybdenum production and use rises in 2023 - Global production of molybdenum was at 627.4 million pounds (mlbs) in 2023, a rise of 9% from 577.8 mlbs in 2022, figures released by the International ... - more

   EU, US seek broader reach on critical minerals as own deal stalls -  The European Union and the United States will fail to reach a critical minerals agreement at a meeting of top officials this week, but will launch ... - more

   With wary eye, China courts Indonesia's incoming leader Prabowo - Soon after Indonesia's incoming leader Prabowo Subianto won the February presidential election, the Chinese embassy in Jakarta sent ... - more

   Mining for EV Metals Threatens Gorillas and Chimpanzees in Africa - A third of Africa’s great ape population is under threat from mines producing copper, lithium, nickel or cobalt - more

   Other News

  • Taiwan quake to hit some chip output, disrupt supply chain, analysts say - more
  • (March 20) Today the Senate unanimously passed Senator Braun’s resolution to recognize the national debt as a threat to national security. - more
  • Chinese Lenders Raise Concerns About $1.3 Billion Peru Port Deal - more
  • More complex trade-offs are necessary to maintain a high-performing supply chain - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Wednesday, April 3

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $7.72/lb ($17,020/tonne). Indicators at 5:40 am CST today show nickel trading around $.01/lb  lower. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and started today just over the 77,600 tonne level. Shanghai nickel rose to 133,450 y/t overnight. Nickel is quiet this morning, with the market looking to the $17,000 tonne level as a level to trade around, however temporary. Your stainless steel raw material average costs for March compared to February are as follows - Nickel - $7.90/lb compared to $7.39/lb in February / Chrome - $5.04/lb unchanged from February / Molybdenum - $20.70/lb compared to $20.23/lb in February. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $7.71/lb

  Reports

  • Reuters metals morning - Copper trends higher on bullish demand outlook - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Shanghai exchange to work on nickel futures internationalization - The Shanghai Futures Exchange (ShFE) will explore a nickel futures internationalization plan, an exchange official told an industry gathering.... - more

    Uncertainties to impact stainless market in 2024: Aperam - Uncertainties in the stainless steel market recovery will persist in 2024 and beyond, Aperam’s CEO Timoteo Di Maulo says in the company’s .... - more

    China’s steel sector PMI down to 44.2 percent in March - In March this year, the purchasing managers index (PMI) for the Chinese steel sector was at 44.2 percent, 1.8 percentage points lower than that ... - more

    Indonesia nickel concerns stoked by corruption and land disputes - Corruption and land disputes are quickly becoming a major concern in Indonesia's nickel sector, as local players grow increasingly aggressive ... - more

    Energy trader Vitol expands further into metals with new hires -  The world's top energy trader Vitol has poached Benjamin Seaford and William Gayner from rival Mercuria to trade metals, in a move that ... - more

  • Former Vitol oil trader convicted of Ecuador, Mexico corruption charges - more

   Other News

  • Grainger, Airgas, Fastenal Among ‘Most Trustworthy’ Companies - more
  • ISM reports manufacturing sees growth in March, snaps 16-month stretch of contraction - more
  • UPS wins US Postal Service air cargo contract, usurping FedEx - more
  • The Rising Prevalence of Autism - more
  • Deadly attack on Iranian embassy compound in Syria condemned - more
  • Last Remaining Survivor of USS Arizona Passes Away at 102 - more
  • Taiwan's strongest earthquake in 25 years kills nine; 50 missing - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Tuesday, April 2

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session untraded, but closed its last trading session $7.61/lb ($16,770/tonne). Indicators at 5:40 am CST today show nickel trading around $.10/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose last Thursday and started this month,just under the 77,800 tonne level. Shanghai nickel rose to 132,590 y/t overnight. Traders have the $17,000 tonne level in their sights this morning, returning from their four day weekend in a buying mood. Stay safe out there and have a great day!
  • Average price of LME traded cash nickel so far this month -

  Reports

  • Reuters metals morning - Copper lifted by supply concerns, better demand prospects - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Vale Indonesia targets 2024 output of about 70,800 metric tons nickel in matte - Nickel miner PT Vale Indonesia INCO.JK is aiming for output this year of about 70,800 metric tons of nickel in matte, an official ... - more

  • Indonesia to Trace Nickel in Bid for US Critical Minerals Deal - more

    Infographic: Indonesian projects to boost nickel supply - Indonesia emerged in the energy transition space as a key player after imposing an export ban on unprocessed nickel ore in 2020, attracting critical ... - more

   There's a new force sweeping through the global mining sector — and it has huge firepower - Hungry to diversify beyond fossil fuels, Gulf nations are investing in the resources needed to produce clean energy - more

   Courtesy AISI - In the week ending on March 30, 2024, domestic raw steel production was 1,722,000 net tons while the capability utilization rate was 77.5 percent. Production was 1,718,000 net tons in the week ending March 30, 2023 while the capability utilization then was 76.9 percent. - more

   Other News

  • New Indonesia leader visits China, promises close ties - more
  • Israeli air strike on Gaza kills seven working for food aid NGO - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here
Monday, April 1

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $7.61/lb  ($16,770/tonne) and has been closed since.  Indicators at 5:45 am CST today show nickel is waiting for markets to reopen tomorrow. Stockpiles of nickel stored in LME licensed warehouses rose last Thursday and ended the month of March just under the 77,150 tonne level. Records show nickel stockpiles ended the prior month at 72,630 tonnes, showing a gain for the month of March. Shanghai nickel fell to 130,410 on Friday and rose to 131,600 y/t overnight. The LME remains closed for the Easter holiday today and will return tomorrow. An excerpt from the article on Indonesia below "“We don’t see any reason why we should not expand production of nickel for battery materials,” Mr Seto told the Financial Times. “What we want to achieve is price equilibrium. The responsibility for us as the biggest nickel producer is to supply enough nickel so that the EV [electric vehicle] transition can progress smoothly.” Price equilibrium would be something long term users of nickel have sought for many, many years, but as long as the metal price remains set by traders on metal exchanges, that will remain more of a desire, and hardly reality. LME traders will not like this news, but how they will react remains to be seen. They may send Indonesia a shot across the bow, or they may pretend its more smoke than fire. Its the start of the second quarter of 2024. Stay safe out there and have a great week!
  • Average price of LME traded cash nickel so far this month - $7.91/lb (average March)

  Reports

  • Reuters metals morning -
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Consumer Loans: Credit Cards and Other Revolving Plans - more
  •  University of Michigan: Consumer Sentiment - more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

  • Yesterday's LME official prices here
  • LME nickel chart - here 

    Yesterday's market review - Copper holds steady in cautious trade - Copper prices held steady in London on Thursday against a backdrop of dollar strength and uncertain demand prospects in top ... - more

   Indonesia vows to speed up nickel output despite global glut - Indonesia will press on with plans to expand nickel output despite a supply glut that is forcing rivals to shut down mines, as the world’s top producer ... - more

    Yieh Hsing hikes stainless steel wire rod prices for Apr - Yieh Hsing Enterprise Co., Ltd., one of the major wire rod manufacturers in Taiwan, raised the price for stainless steel wire rods for February ... - more

  • Tang Eng maintains negotiation way for Apr stainless steel offers - more

    Political strikes in Finland to continue, Outokumpu adjusts EBITDA - The majority of Outokumpu’s stainless steel and ferrochrome operations as well as the Tornio port have been shut down since the  ... - more

   Trading activity in the European ferroalloy market remains slow - Buyers are putting pressure on ferrochrome prices, while enquiries for ferrosilicon were few and far between - more

   Centaurus' Jaguar Ni mine in Brazil eyes 2027 output - Australian mining company Centaurus Metals said that its Jaguar nickel sulphide project in Brazil is undergoing a feasibility study and aims to start production... - more

   Russia's Nornickel: Some EU clients refuse to buy products made of Russian metal - Russia's Nornickel, the world's largest palladium producer and a major producer of high-grade nickel, said on Friday that ... - more

  • The War troubles Nornickel as it struggles to shift to new markets - more

   Trafigura Pleads Guilty and Will Pay $126M to Settle Brazilian Bribery Case - International commodities trading company Trafigura resolved a long-standing investigation with the U.S. Department of Justice... - more

   Other News

  • India dives into deep sea mining as it battles for a clean future - more
  • Baltimore port crisis: World’s largest container ship company, MSC, dumps diverted cargo problem on US companies - more
  • Port of Baltimore May Not Reopen Until Summer - more
  • In Indonesia, deforestation is intensifying disasters from severe weather and climate change - more
  • Focus: Would-be Tesla buyers snub company as Musk's reputation dips - more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 100 Years of Stainless Steel Video - here
  • Stainless steel: The role of nickel - here
  • The Life of Nickel - pdf here
  • The Journey of Nickel - video here

April Archives


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(all ton listings are metric tons = 2204.622 pounds ) Updated Monday thru Thursday before 7 am CST, Friday version before 8 am CST - Disclaimer Original content and opinions copyright www.estainlesssteel.com. All prices shown on this page are indications only. Please note - for real time and official LME prices, LME requires a user subscribe to an authorized LME vendor.



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