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Stainless Steel News and Nickel Prices



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Thursday, August 31

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $9.37/lb ($20,655/tonne). Indicators at 5:40 am CST today show nickel trading around $.08/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell by two lots on Wednesday and started today just under the 37,200 tonne level. Shanghai nickel retreated overnight, down to 164,840 y/t. Nickel continues to retreat this week, even in the face of a rebounding Euro. Quiet news day to end the month of August, as US markets prepare for their Labor Day weekend. Stay safe out there, have a great Thursday and we will see you next month ..... tomorrow.
  • Average price of LME traded cash nickel so far this month - $9.30/lb

  Reports

  • Reuters metals morning - London copper set for first monthly fall since May as China data disappoints - 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 (posted only on Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

     Chinese steel demand declining less than data suggests, says Vale executive - Brazilian miner Vale SA sees declining steel demand in China, the world's largest producer, but the situation is not as dire as some indicators suggest, the miner's vice president of iron ore solutions told Reuters. - more

     Yusco raises stainless steel prices for Sep due to increased production costs - Yieh United Steel Corp. (Yusco), a leading stainless steel mill in Taiwan, announced its new prices for September. - more

     China may see less stringent steel output controls in 2023 even as cuts widen - China’s Hunan and Shanxi provinces recently announced steel output cut plans for 2023, and the country’s largest steelmaking hub Hebei is expected to make a similar move soon, sources told S&P Global Commodity Insights Aug. 29. - more

     US Steel signs confidentiality agreements with numerous bidders - US Steel Corporation has stated in a letter to its stockholders that it is evaluating multiple purchase bids for the company from credible buyers and ... - more

   Other News

  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
Wednesday, August 30

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $9.39/lb ($20,700/tonne). Indicators at 5:50 am CST today show nickel trading around $.12/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Tuesday and now reads just over the 37,200 tonne level. Shanghai nickel rose overnight, to 165,800 y/t. Indonesia is importing nickel ore from the Philippines to keep its smelters supplied, a major embarrassment for the world's largest producer. This could account for the rise in LME nickel prices last week. Now that this is being made public, we suspect the Indonesia government will expedite a fix. China is cutting rates on mortgage rates in an attempt to stabilize their real estate markets, military officials in the African nation of Gabon decided they did not like election results in that country and have seized power, and Hurricane Idalia, now a category 4 storm, is hitting the Florida coast this morning. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $9.31/lb

  Reports

  • Reuters metals morning - Copper recoils on unease over soft economic data - 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 (posted only on 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 gains after China's move to support housing market - Copper prices rose on Tuesday as the dollar weakened and funds cut bets on lower prices after top consumer China moved to boost its struggling housing and stock markets. - more

     LME clearing house cuts size of minimum default fund - The clearing house of the London Metal Exchange (LME) said on Tuesday it would cut the size of its default fund, reflecting a lower level of risk over the previous six months. - more

     Taiwan’s Yusco & Tang Eng expected to hike price by NT$3,000/ton for Sep - Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works Co., Ltd. (Tang Eng), the major upstream stainless steel suppliers in Taiwan, will announce their new prices for September this week. - more
  • Taiwan’s stainless steel prices forecasted to rise for Sep - more

     China’s net stainless steel exports down 5.79 percent in July - In July this year, China's stainless steel imports amounted to 136,800 mt, up 15.87 percent month on month, while down 23.32 percent year on year, ... - more

  • China’s stainless steel imports & exports rise in Jul m-o-m - more
     Indonesian nickel smelters turn to Philippines for ore as local supply tightens - Nickel smelters in top producer Indonesia are making rare purchases of ore from the Philippines to ease tight supplies, people familiar with the matter said, upending trade flows of the raw material and pushing up costs across the supply chain. - more
  • Indonesia must seize opportunities to become developed: President - more

     Courtesy AISI - In the week ending on August 26, 2023, domestic raw steel production was 1,733,000 net tons while the capability utilization rate was 76.2 percent. Production was 1,719,000 net tons in the week ending August 26, 2022 while the capability utilization then was 78.0 percent.- more

     In the “Galapagos of Asia,” angry Philippine islanders fight the great nickel rush - “It’s very ironic that, in order to mitigate the impact of global warming, you have to cut down our trees … just to support the initiatives of Elon Musk.”  - more

   Other News

  • Factbox: What are global companies saying about China's economy? - more
  • Explaining the Fed’s recent conventional and unconventional monetary policy - more
  • China says open for business, sidesteps US 'uninvestible' comment - 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
Tuesday, August 29

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $9.45/lb ($20,830/tonne). Indicators at 6:00 am CST today show nickel trading around $.05/lb lower. Stockpiles of nickel stored in LME licensed warehouses went unchanged for the fourth time this month and remains just over the 36,900 tonne level.Shanghai nickel fell to 167,070 on Monday and 164,950 y/t overnight. While LME nickel is lower this morning, the market remains quiet, with neither side showing directional momentum. Speaking of going no where fast, LME nickel stockpiles were reported at their lowest this year on June 19th, as 36,810 tonnes at 8.10% cancelled warrants (its lowest in many years). Today, they are at 36,936 tonnes and 2.37% cancelled warrants. The daily total has been reported in the 37,000 tonne level the entire summer. In our nearly two decades of reporting on the nickel market, the author has never seen such "inaction" in LME stockpile numbers. It will be interesting to see if this inactivity ends after the courts rule on the March 2022 debacle suits, and confidence is potentially restored.  Or if the relevance of the LME has become permanently scarred. Whether active, or inactive, nickel has continued to trade volatile at times, seemingly disconnected from the reality of the world's market demand. Stay safe out there and have a great Tuesday!
  • Average price of LME traded cash nickel so far this month - $9.31/lb

  Reports

  • Reuters metals morning - Copper rises as dollar softens ahead of key US data - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Distributors Link Magazine Fall 2023 - online here

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (posted only on Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

     Surging chromium and molybdenum prices drive stainless steel mills to hike prices - The prices of chromium and molybdenum have been increasing recently. - more

     Indonesia nickel mining quota delays due to switch back to old system - official - Indonesia’s mining quota distribution has been delayed having reverted to an older approval process due to an ongoing investigation into illegal mining, a senior official said on Monday, assuring there was sufficient nickel ore for smelters. - more
  • Indonesian Nickel "Boom", Will it Continue?  - more

     Russia’s stainless steel imports grow in Jul m-o-m, y-o-y - According to statistics from the Russian Special Steel and Alloys Consumers and Suppliers Association (USSA), .... - more

     Turkey’s POSCO Assan reaches milestone of two millionth mt of stainless steel - Turkey-based stainless steel producer POSCO Assan TST has produced a total of two million mt of stainless steel in the 10 years since it started ... - more

     MOC: Average steel prices in China indicate a downtrend during August 14-20 - China's Ministry of Commerce (MOC) has announced that during the August 14-20 period this year the overall average finished steel prices in China ... - more

   Other News

  • Finding minerals faster with AI: Investors flock to U.S. startup - more
  • What China’s economic troubles mean for the world - more
  • Chinese county offers 'cash reward' for couples if bride is aged 25 or younger - 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
Friday, August 25

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $9.46/lb ($20,860/tonne). Indicators at 7:00 am CST today show nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Thursday and now total just over the 36,900 tonne level. Shanghai nickel rose overnight, to 169,500 y/t. LME nickel slipped yesterday, but held its ground, which emboldened Shanghai traders overnight. A Singapore commodity exchange has advised it will be introducing a new nickel contract, to compete with the LME. Another trading house has discovered some of their nickel inventory is merely bagged rocks. And in other news this week, A Chinese nuclear submarine reportedly sank with all hands on deck, or it didn't, Russian mercenary group commander Yevgeniy Prigozhin died in a plane crash, most likely at the command of Russian President Vladimir Putin, or maybe not. The BRICS countries met in South Africa and invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join their group. China recently brokered an agreement between long time enemies Iran and Saudi Arabia and India successfully landed a craft on the moon, days after Russia failed to do so. Iran unveiled a drone capable of striking Israel, while Europe and Canada burn, Asian countries battle killer flooding, and COVID hospitilizations are on the rise - again. Not a boring summer to say the least. The London Metal Exchange is closed on Monday so our next update will be next Tuesday. Stay safe out there and enjoy your weekend!
  • Average price of LME traded cash nickel so far this month - $9.30/lb

  Reports

  • Reuters metals morning - Copper on track for strongest week in a month - 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 (posted only on Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

     LME nickel prices soar due to Indonesia’s suspension of new nickel smelter construction - The LME nickel futures surged by US$452 yesterday (August 23), closing at US$20,956/ton. The spot price increased by US$459, reaching US$20,722/ton. - more
  • China's CNGR starts nickel project in Indonesia, normal output set for Sep: source - more
    Another metals trader says it has been hit by nickel fraud - Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of near-worthless rubble. - more

    Russia’s stainless steel imports up 4.6 percent in July from June - In July this year, Russia\u2019s stainless steel imports totaled 43,880 mt, up by 4.6 percent compared to the previous month and by 39.1 percent year on ..... - more

    New Singapore commodity exchange aims to launch EV nickel contract this year - A new Singapore-based commodities exchange aims to launch the world's first futures contract for a type of nickel used in the booming electric vehicles (EV) sector by the end of this year, an executive said on Thursday. - more

    22 major steel, mining projects underway across Iran - The head of Iran International Engineering Company (IRITEC) has said that 22 major steel and mining projects with a total investment of two billion dollars are currently being implemented across the country, IRNA reported. - more

    Esmark scraps bid for U.S. Steel - Privately held steel company Esmark said on Wednesday it would not participate in the purchase process for U.S. Steel Corp and respect the position of the United Steel Workers union, which is supporting Cleveland-Cliffs' offer. - more

   Other News

  • LME warehousers bet the great metals destock is over: Andy Home - more
  • Row erupts as Chinese nuclear sub 'crashes' near disputed waters - more
  • Major U.S. Retailers Returning to ‘Just-in-Time’ Supply Chain - 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
  • US Fed Singla Family New Housing Starts - 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
Thursday, August 24

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $9.51/lb ($20,960/tonne). Indicators at 6:00 am CST today show nickel trading around $.16/lb lower. Stockpiles of nickel stored in LME licensed warehouses went unchanged for a third time this month and second time this week and remain just over the 37,000 tonne level. Shanghai nickel followed LME nickel higher on its first bullish day this week, but has been slipping since, down to 167,980 y/t. LME nickel is down sharply this morning, after hitting the $21,000 tonne level yesterday. Stay safe out there and have a great Thursday!
  • Average price of LME traded cash nickel so far this month - $9.31/lb

  Reports

  • Reuters metals morning - Shanghai copper near 3-week high on China demand hopes - 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 (posted only on Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

     China’s stainless steel export performance keeps stable - According to Customs statistics, China’s stainless steel imports totaled around 137,000 tons in July, up by 15.9% compared to the previous month but falling by 23.3% from the same period last year.  - more

     LME faces new nickel competitor: ‘The marketplace came to us’ - The London Metal Exchange may soon face new competition in nickel trading. Abaxx Technologies, a Toronto-based firm, is planning to set up a commodities exchange in Singapore with nickel as a flagship product. - more

     Indonesia's nickel prices surge amid probe into mining approvals - Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries. - more

      July 2023 crude steel production - World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 158.5 million tonnes (Mt) in July 2023, a 6.6% increase compared to July 2022. - more

  • China's crude steel output inches higher in August; doubts loom over output curbs - more

     Centravis supplied stainless steel pipes to the Italian company Chesini Meccanica - In the segment of pipes for automotive fuel systems, the largest Ukrainian manufacturer of stainless pipes ranks second in the world after the Swedish Sandvik. - more

   Other News

  • Cleveland-Cliffs demands U.S. Steel to reveal all buyout offers - more
  • Teamsters Ratify Five-Year Contract with UPS - 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
Wednesday, August 23

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $9.31/lb ($20,520/tonne). Indicators at 5:50 am CST today show nickel trading around $.12/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell by one lot yesterday and remain just over the 37,000 tonne level. Shanghai nickel switched contracts, and nickel fell to 168,590 y/t. For comparison, the contract we were following for the last month fell slightly to 169,080 y/t. The Euro is down against the US Dollar this morning, but you couldn't tell it by nickel. Either this is a short squeeze, or the bulls are starting to bet things will get better as the summer vacation season nears an end. We have seen it happen better, but it's never predictable. Some significant bullish runs have started around the first of September, but we suspect the nickel surplus will keep any major turn in check. No one knows of course, and that is what keeps the market interesting - or frustrating, depending on how its outcome affects you. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $9.31/lb

  Reports

  • Reuters metals morning - Copper rises with improved Chinese 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
  • BHP's economic and commodity outlook - more
  • US Economic Indicators: Durable Goods Orders & Shipments - pdf here

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (posted only on Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

    Taiwan’s stainless steel prices for Sep may be supported by high raw material prices - In spite of the dropped LME nickel price and the weak market demand, China’s prices of ferronickel, high carbon ferrochrome, and ferromolybdenum have risen sharply, leading to a surge in the stainless steel price and cold-rolled coil prices in Asia. - more

    SunSirs: Stainless Steel Slightly Increased This Week (August 14-18) - According to the price monitoring of SunSirs, stainless steel slightly increased this week. - more

    EU mills expected to increase HRC offers despite limited demand - European steelmakers are expected to increase hot-rolled coil prices in September despite slow demand, sources said Aug. 21. - more

    U.S. imports/exports of Nickel - more //  U.S. imports/exports of Stainless steel - more //  Search your item of interest in search bar of top of each page

    Wujin Stainless Steel’s net profit up 123.29 percent in H1 - Jiangsu Province-based Chinese stainless steel producer Wujin Stainless Steel Pipe Group Co. Ltd has announced that its net profit in the first six ... - more

     The Big Miners’ Bright Spot Looks Increasingly Dim - Key battery metal nickel should help companies offset the decline of coal, but right now it’s a tough market to be in. - more

   Other News

  • Making sense of Tesla’s planned Indonesia investment - more
  • It’s confirmed: Nickel plays a vital role in an ancient chemical reaction - 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
Tuesday, August 22

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $9.13/lb ($20,130/tonne). Indicators at 5:45 am CST today show nickel trading around $.20/lb higher. Stockpiles of nickel stored in LME licensed warehouses went unchanged on Monday and remain just north of the 37,000 tonne level. Shanghai nickel rose overnight, to 169,340 y/t. Nickel is up this morning with the initial momentum coming from a softer Dollar. That has since evaporated, so the momentum now could be a shift to forcing shorts to cover their bets. China cut its prime lending rate overnight, but not as much as traders had hoped and its impact is seen as minimal. Lots of news today, so we leave you to it. Stay safe and have a great Tuesday!
  • Average price of LME traded cash nickel so far this month - $9.32/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 (posted only on Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

     Global nickel market in 27,400t surplus in June – INSG - The global nickel market had a surplus of 27,400 metric tons in June, compared with a surplus of 16,200 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Monday. - more

     Taiwan's stainless steel prices expected to rise in Sep, downstream buyers keep cautious - Amid the backdrop of the depreciating Taiwanese Dollar and Taiwanese steel manufacturers being impacted by elevated procurement costs of Indonesian materials, which pushed up raw material expenses, stainless steel prices for September were expected to increase further. - more

     Column: BHP sees China commodity demand as stable. And that's the best case - BHP Group reported its lowest annual profit in three years, but the decline isn't the most worrying factor for the world's biggest mining company. That prize goes to an increasingly uncertain outlook for its key commodities. - more

     Tsingshan starts 50,000-ton nickel plant in Indonesia -sources - Major Chinese nickel maker Tsingshan Group has started commercial production of refined nickel in Indonesia, three sources familiar with the production told Reuters on Monday. - more

     Jubilee Metals upbeat as chrome expansion continues amid high prices - Jubilee Metals Group PLC said on Monday its chrome production plan sought to take advantage of buoyant prices, and indicated that its rollout of copper expansion in Zambia was progressing ahead of schedule. - more

     Chinese steel market under pressure as production strong, inventories high - China's steel market has been under pressure in August, as steel production has not shown signs of slowing despite sluggish end-user demand, with trading sources expecting any upcoming government-mandated steel output cuts in 2023 to be less stringent than 2022. - more

     Courtesy AISI - In the week ending on August 19, 2023, domestic raw steel production was 1,756,000 net tons while the capability utilization rate was 77.2 percent. Production was 1,719,000 net tons in the week ending August 19, 2022 while the capability utilization then was 78.0 percent. - more

   Other News

  • A starring role for stainless in the food; beverage sector - Stainless Steel World - 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
Monday, August 21

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $9.13/lb ($20,130/tonne). Indicators at 5:50 am CST today show nickel trading around $.05/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Friday and ended the week just over the 37,000 tonne level. Shanghai nickel fell back slightly overnight, to 166,620 y/t. LME nickel closed above the $20,000 tonne level for a second consecutive session on Friday, so last week saw a close above, two below, and then two above. For those trading on signals, they are getting mixed. Not a lot of news out there. China's property woes and slowing economy continue to get a lot of investor attention. Stay safe out there and have a great week!
  • Average price of LME traded cash nickel so far this month - $9.33/lb

  Reports

  • Reuters metals morning - Copper rebounds on low stocks; China concerns cap gains - 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 (posted only on Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

     Stanislav Kondrashov Telf AG: CBS Nickel – LME prices slide as Chinese trade declines - In the latest edition of its monthly Nickel Commodity Briefing Service (CBS), S&P Global Commodity Insights is delving into the dynamic nickel market, Stanislav Kondrashov tells Telf AG.  - more

     EU investigates stainless steel exports from Indonesia - The European Commission has launched an anti-circumvention investigation into imports of cold rolled stainless steel flat products of Indonesian origin from Taiwan, Turkey and Vietnam. - more

  • EC launches anti-dumping, anti-subsidy investigations into Việt Nam’s cold-rolled stainless steel - more
  • Indonesian stainless steel exports investigated in EU - more
     Indonesian ministry decries EU trade ‘colonialism’ amid biodiesel investigation - Disputes between the two parties have developed into a World Trade Organization tit for tat involving several of Indonesia’s main commodities, such as biodiesel, steel and nickel. - more

     Posco, MC to produce nickel for EV batteries in the Philippines - South Korean battery materials producer Posco Future M Company has agreed to set up a joint venture with a subsidiary of Philippine mining and renewable energy company MC Group to produce raw materials for automotive battery cathodes. - more

     China’s steelmakers plan to reduce crude steel output in H2 - More Chinese steelmakers are planning to reduce their crude steel output in the remainder of the year, according to market resources. - more

     Man injured in explosion at Musheerabad - A scrap vendor suffered severe burn injuries during an explosion at a scrap yard in Musheerabad on Saturday. - more

   Other News

  • Commodities worth over $800m traded at IME in a week - more
  • Citi takes delivery of Russian-origin aluminum on LME -Bloomberg - more
  • Lakshmi Mittal plans to acquire one of the largest steel producers in the US - more
  • The dedollarization drive is facing a confidence crisis as the yuan, ruble and Argentine peso simultaneously plummet, an analyst says - 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
Friday, August 18

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $9.20/lb ($20,280/tonne). Indicators at 5:00 am CST today show nickel trading around $.06/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Thursday and ended that session just over the 37,000 tonne level. Shanghai nickel rose overnight, to 167,170 y/t. Nickel closed above the $20,000 tonne level yesterday, after two consecutive closures below. Overall sentiment remains bearish, but bulls are strongly resisting any sharp moves south. Stay safe out there and enjoy your weekend!
  • Average price of LME traded cash nickel so far this month - $9.36/lb

  Reports

  • Reuters metals morning - Copper rises on weaker dollar, but on track for weekly loss - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • US Economic Indicators: Durable Goods Orders & Shipments - pdf here

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (posted only on Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

     How chrome mined in Zimbabwe impacts an entire community - It is not every day you get the opportunity to tour a chrome mine in Zimbabwe as a media correspondent. - more

     Ford, partners pick Canada for $900 mln battery materials plant - A consortium of Ford Motor Co (F.N) and South Korean companies on Thursday said they would build a C$1.2 billion ($887 million)plant to produce electric vehicle (EVs) battery materials in Becancour, Quebec, a town seeking to become an EV-supply-chain hub, Canada's industry ministry said. - more

     Metals in meltdown: investors should buy now - Aluminium, zinc and nickel have struggled over the past few months, says David J. Stevenson. But the best time to scoop up shares in the companies that mine them is when they are out of favour. - more

     China’s Nickel Plants in Indonesia Created Needed Jobs, Plus Pollution - An influx of Chinese investment into nickel-processing on the Indonesian island of Sulawesi is sowing pollution while generating economic opportunity. - more

   Other News

  • China Demands US Lift Steel, Aluminum Tariffs After WTO Ruling -- Commodities Roundup - more
  • Canada wildfire: all 20,000 Yellowknife residents evacuating - 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
  • US Fed Singla Family New Housing Starts - 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
Thursday, August 17

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $9.00/lb ($19,835/tonne). Indicators at 6:00 am CST today show nickel trading around $.16/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Wednesday and started today's trading session just over the 37,100 tonne level. Shanghai nickel rose to 164,960 y/t overnight, basically where it was on Tuesday morning. Much like yesterday, nickel is bouncing over the $20,000 tonne this morning, and we will have to wait to see if the bulls can close above for the day - unlike yesterday. Technical indicators are sending a strong buy signal, but the general mood remains bearish. With the LME seeing nickel close below the $20,000 tonne level the last two sessions, we could see the market turn volatile, as the bears become emboldened. Stay safe out there and have a great Thursday!
  • Average price of LME traded cash nickel so far this month - $9.38/lb

  Reports

  • Reuters metals morning - Copper bounces off 2-1/2 month low on China currency support - 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 (posted only on Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

     EU initiates circumvention investigations on Indonesian stainless CRC - The European Commission has announced that it has initiated two investigations concerning possible circumvention of the antidumping and anti-subsidy ... - more

     Taiwan’s stainless steel mills benefited from order diversions - The stainless steel market has picked up after Tsingshan and Delong stopped offering to control the price last week, and Indonesia Tsingshan also again raised its export quotations. - more

     Stainless steel prices continue to rise in Chinese market - China's stainless steel industry heats up continuously, and Indonesian Tsingshan has also increased its offer to the Taiwan market, encouraging some local distributors to follow this trend. - more

     European HRC prices stable amid negative sentiment - Domestic prices for hot-rolled coil in Europe remained unchanged Aug. 15 due to the seasonal activity slowdown. - more

     U.S. Steel sale is a monumental moment for the steel industry - Will this mean the end of unionized and nonunionized operations under one roof? - more

     Chinese duties on U.S. imports 'inconsistent' with WTO obligations: panel - A World Trade Organization dispute settlement panel on Wednesday found that China had acted inconsistently with its WTO obligations by imposing additional duties on certain U.S. imports in response to U.S. tariffs on steel and aluminum. - more

     Video Presentation from the Diggers & Dealers Mining Forum - online here

   Other News

  • Are Distributors Losing Their Grip on Pay? - 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
Wednesday, August 16

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $8.97/lb ($19,770/tonne). Indicators at 6:50 am CST today show nickel trading around $.14/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell by two lots on Tuesday and started today's session just over the 17,150 tonne level. Shanghai nickel fell to 162,300 y/t overnight. After closing below the $20,000 tonne level yesterday, nickel is bouncing back over that level this morning. Nickel traded below the $20,000 tonne level for a short period back in June, but this is the first time this year we show it closed below. The last time we traded around this level in June, we saw the bulls force a bounce in the price, which took a little over a month to fizzle completely out. All investor eyes remain on the China property sector, while the rest of us just do our daily thing. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $9.42/lb

  Reports

  • Reuters metals morning - Copper around 7-week low amid China economic weakness, higher stocks - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - not posted
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • China Industrial Production - more
  • US Manufacturers Sales - more
  • SFSA Casteel Reporter – August 2023 - more
  • US Economic Indicators: Durable Goods Orders & Shipments - pdf here

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) - more
  • SHFE Nickel Futures (yuan) - more
  • SHFE Inventory (posted only on 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 hits 6-week low, other metals fall after weak China data - Prices for copper and other base metals fell in London on Tuesday, hurt by a worsening demand outlook from top consumer China after the country released slower industrial output growth data and falling investment in its property sector. - more

     China’s 316L and duplex stainless steel prices surge due to higher molybdenum price - On account of rising raw material prices, the prices of China’s 316L and duplex stainless steel finished products increased, and the market is becoming more bullish. - more

     China’s crude steel output rises by 2.5 percent in January-July - In the January-July period this year, China's outputs of pig iron, crude steel and finished steel amounted to 528.92 million mt, 626.51 million mt ... - more

     Carmakers are desperate for nickel and have nowhere to look. It’s spurring majors to invest big - Wyloo Metals boss Luca Giacovazzi says EV makers are desperately short on nickel - more

     HKEX remains committed to LME - CEO - Hong Kong Exchanges and Clearing remains committed to the London Metal Exchange (LME), HKEX's CEO said on Wednesday, dampening speculation it might sell the business following a nickel trading debacle last year.- more

     ITS State of Steel - Pricing - Are we at the bottom or not? Uncertainty says... I don't know! - more

     Courtesy AISI - In the week ending on August 12, 2023, domestic raw steel production was 1,737,000 net tons while the capability utilization rate was 76.4 percent. Production was 1,719,000 net tons in the week ending August 12, 2022 while the capability utilization then was 78.0 percent. - more

     Take a look at how chrome is mined in Zimbabwe and how it impacts an entire community - It is not every day you get the opportunity to tour a chrome mine in Zimbabwe as a media correspondent. I had the rare opportunity to do just that last week with African Chrome Fields (ACF). - more

   Other News

  • FedEx plans layoffs at 5 facilities, impacting 843 employees - more
  • Staying Ahead of the Game: How Small and Medium-Sized Warehouses Can Thrive in a Competitive Market - more
  • Indonesia's Jokowi calls on successor to continue commodity downstreaming - 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

Tuesday, August 15

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $9.11/lb ($20,090/tonne). Indicators at 5:50 am CST today show nickel trading around $.11/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Monday and started today's session just under the 37,200 tonne level. Shanghai nickel rose slightly to 164,980 y/t overnight. Nickel is trading back below the $20,000/tonne level this morning, with some analysts blaming the real estate crisis in China for the bearish mood. Stay safe out there and have a great day!
  • Average price of LME traded cash nickel so far this month - $9.47/lb

  Reports

  • Reuters metals morning - Copper rebounds on China rate cuts, softer dollar - 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 (posted only on Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

     Broker Sucden takes legal action against alleged Trafigura fraudster Gupta - Commodity broker Sucden Financial Ltd has filed a court claim against Indian businessman Prateek Gupta, whom global trader Trafigura has accused of fraud of over half a billion dollars, London court records showed. - more

     SunSirs: Stainless Steel Slightly Increased This Week (August 7-11) - According to the price monitoring of SunSirs, stainless steel first fell and then rose this week. - more

  • Wujin Stainless to launch stainless steel seamless pipe project for high-end market - more
     Indonesia says Tesla plans to invest in battery material facility - Indonesia said on Monday that U.S. electric carmaker Tesla plans to invest in the manufacturing of battery materials in the Southeast Asian country and will make an announcement in the next few months. - more

      The Four Biggest Hurdles in America's EV Transition - Investment dollars from the Inflation Reduction Act alone won’t be enough to overcome risks from labor, politics, private investment and public demand. - more

   Other News

  • Yellen warns of risks of over-concentration of clean energy supply chains - more
  • Miners face 'considerable challenges' meeting demand from US climate law - study - 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

Monday, August 14

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $9.19/lb ($20,260/tonne). Indicators at 6:00 am CST today show nickel trading around $.07/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell slightly on Friday and started this week just over the 37,000 tonne level. The low for 2023 was 36,810 tonnes reported back on June 19th, showing LME nickel stockpiles are going no where fast. Shanghai nickel fell slightly lower overnight, to 164,710 y/t. The article on our Friday report that started "Global stainless crude steel output jumped by almost 25% year-on-year" returned a dead link. When we examined it over the weekend, we discvovered the author had pulled the article as it was a repost from 2020. For our daily readers, please disregard this information as 'very' old news and not applicable to 2023. Here is a link as a followup to our Friday comments on why China 'still' matters when it comes to world stainless steel production. From May -China and India together are forecast to generate about half of global growth this year - IMF May artricle here.  Stay safe out there and have a great week!
  • Average price of LME traded cash nickel so far this month - $9.52/lb

  Reports

  • Reuters metals morning - Copper sinks to 5-week low as spotlight falls on China property - 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 Industry: Truck Transportation - chart here
  • Producer Price Index by Commodity:Steel Wire, Stainless Steel - chart here
  • Producer Price Index by Industry: Corrugated Shipping Containers - chart here
  • Producer Price Index by Commodity: Externally Threaded Fasteners - chart 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 

     E United Group again proposes to acquire shares in Eng Iron, taking more than half of domestic stainless steel market share - Yieh United Steel Corp. (Yusco) and Yieh Phui Enterprise Co., Ltd. (Yieh Phui), steel enterprises under E United Group, announced that the board of directors decided to apply again to Taiwan’s Fair Trade Commission for their plan to jointly operate Tang Eng Iron Works Co., Ltd. - more

     Turkey’s basic metal output up 6.7 percent in June from May - According to the data released by the Turkish Statistical Institute (TUIK), in June this year Turkey's season and calendar adjusted monthly ..... - more

     Germany: All-Electric Car Sales Share Improved To 20% In July 2023 - In July, new passenger car registrations in Germany increased by 18 percent year-over-year to 243,277. - more

   Other News

  • Steelmaker SSAB to furlough workers in Finland - more
  • Ukraine reduced the export of steel semi-finished products by 76% - more
  • Asia’s rice prices skyrocket after India’s export ban – as Thailand eyes an opportunity - more
  • Indonesia Extends Timeline for Carmakers to Qualify for EV Credits - more
  • US halts import of rare cargo of Polish wheat in Houston - more
  • China’s July automobile exports jump 63 per cent, helping extend the lead over Japan as the world’s biggest vehicle-exporting economy - 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

Friday, August 11

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $9.27/lb ($20,440/tonne) and trading at 2023 lows. Indicators at 6:10 am CST today show nickel trading around $.12/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started today's session just under the 37,050 tonne level. Shanghai nickel rose overnight, to 165,280 y/t. Business media seems to be using the China property woes as the explanation for base metals moves this week, up or down. If the market is up, it must be traders speculating China is getting ready to stimulant the lagging property market, and if it is down, as it has been all week for nickel, it must be due to the woes of that same property market. Even President Biden has gotten in on the game, calling China a ticking time bomb. While bomb threats are no more than political bluster, China is facing some economic headwinds that are causing concern amongst traders around the world. Pre-covid, if you wanted to know how the world economy was cranking you looked to China. Post covid, there has been a shift away from China. Pre-Trump and covid, the world looked on China with admiration and jealousy. Post-Trump, our new security threat, now appears to be China. This while our old 'security threat', is invading Ukraine. Go figure. Stay safe out there and have a great weekend!
  • Average price of LME traded cash nickel so far this month - $9.58/lb

  Reports

  • Reuters metals morning - Most base metals fall on firm dollar, China property woes - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Current US Inflation Rates: 2000-2023 - more
  • Fastener Distributor Index July 2023 - 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 

    Global stainless production continues registering record levels - Global stainless crude steel output jumped by almost 25% year-on-year during the first quarter to 14.5 million tonnes, according to International Stainless Steel Forum (ISSF) data seen by Kallanish. - author pulled due to reporting a 2020 article

     U.S. imports/exports of Nickel - more // U.S. imports/exports of Stainless steel - more

     China’s 400 series stainless steel forecasted to maintain at high side - At the beginning of August, parts of China’s steel mills announced to cut their production or put it under maintenance. - more

     US steel exports down 1.4 percent in June - According to export data from the US Department of Commerce, monthly steel exports in June 2023 decreased 1.4 percent from May to total 817,691 mt. - more

     Turkey’s HRC exports & stainless steel flat products imports decrease in Jan-Jun y-o-y - According to the Turkish Statistical Institute (TUIK), in the first six months, Turkey’s hot-rolled coil (HRC) exports were about 700,000 tons, decreasing by 32% from the same period a year ago. - more

   Other News

  • U.S. hospital pharmacists ration drugs as shortages persist - survey - 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
  • US Fed Singla Family New Housing Starts - 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

Thursday, August 10

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $9.31/lb   ($20,525/tonne). Indicators at 5:45 am CST today show nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Wednesday and ended that session just over the 36,900 tonne level. Shanghai nickel fell overnight, to 163,950 y/t. The Euro is higher this morning, but so far, nickel traders have yet to trade nickel higher. Indonesia has arrested a former government official for allegedly assisting in the illegal export of nickel, costing it millions in export tax revenue. Stay safe out there and have a great Thursday!
  • Average price of LME traded cash nickel so far this month - $9.63/lb

  Reports

  • Reuters metals morning - Copper rises as dollar weakens and China stimulus hopes persist - 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 : August 2023 - more
  • Truck Tonnage Index - more
  • Recycling Today August 2023 - 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 

    Wednesday's market review - Copper bounces on stimulus bets after China sinks into deflation - Copper prices recovered on Wednesday from a one-month low after data showing China fell into deflation fuelled hopes for more stimulus in the world's top metals consumer. - more

     State of the Economy. ‘India’s stainless steel industry set for robust growth’ - Episode 76: Commodities - Subramani Ra Mancombu talks to Rajesh Mohata, CEO & Executive Director, Jindal Lifestyle Ltd, about the growing Indian stainless steel market  - more

     China's ferro molybdenum prices strengthen on better fundamentals - Chinese prices of ferromolybdenum (FeMo) under Mysteel’s tracking witnessed steeper on-week increase over July 31- August 4, chiefly buoyed by the higher prices ... - more

  • SMM Exclusive: China's Metals Output In July And Forecast For August - more

     Institutional Review: Nickel Prices To Remain Rangebound - In terms of pure nickel, the import window continues to be closed; LME inventory declines, and the spot discounts remain; the import volume of nickel ore increased; domestic NPI production remains low, and the ample supply has not changed. - more

     Indonesia arrests former top official accused of aiding illegal mining -  Indonesia’a Attorney General Office (AGO) has arrested a former top mining ministry official accused of facilitating unlawful mining of nickel that caused a loss of 5.7 trillion rupiah ($375.25 million) in state revenue. - more

   Other News

  • 4 supply chain insights for the second half of 2023 - 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

Wednesday, August 9

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $9.47/lb ($20,870/tonne). Indicators at 5:45 am CST today show nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and started today's trading session just under the 36,950 tonne level. Shanghai nickel rose overnight, to 166,580 y/t. China may not be making much more stainless steel than last year, according to earlier reports, but they are exporting a lot more. As is India. And once upon a time, Vale was the sole Indonesian nickel miner on Sulawesi Island. Now it is the oldest and some wonder if Indonesia wants control of it. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $9.69/lb

  Reports

  • Reuters metals morning - London copper rebounds from 1-month low as dollar eases - 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 - Copper skids to lowest in almost a month on Chinese trade data - Copper prices dropped to their weakest in nearly a month on Tuesday after weak Chinese trade and auto sales data heightened concern over demand from the world's biggest metals consumer. - more

     Taiwan’s Froch foresees active replenishment after stainless steel price hikes - Taiwan’s major stainless steel mills, such as Yieh United Steel Corp. (Yusco) and Walsin Lihwa, raised their prices by up to NT$2,000/ton for August. - more

     Asia’s stainless steel base price up last week - The base price of 304 stainless steel cold-rolled coil in Asia rose last week due to rising nickel prices and stronger market sentiment. - more

     China's steel export growth slows to 27.9 percent in January-July - China's finished steel exports amounted to 50.892 million mt in the January-July period this year, increasing by 27.9 percent year on year, according to the latest data released by China's General Administration of Customs (GACC) on August 8. - more

     India’s steel exports up 35 percent in July, imports rise 32 percent - India's finished steel exports in July this year have been provisionally estimated at 513,000 mt, up 35 percent over the corresponding month of the previous year,.... - more

     Will the Indonesian Government Become Majority Shareholder of Nickel Miner Vale Indonesia? - Over the past decade we have seen some examples of protectionist tendencies in the mining sector of Indonesia. - more

   Other News

  • June 2023 Trade Gap is $65.5 Billion - more
  • Glencore stockpiled cobalt in first half to support prices - more
  • Conference Board forecasts nickel demand will lift all sectors of Sudbury's economy - 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

Tuesday, August 8

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $9.60/lb ($21,160/tonne). Indicators at 5:45 am CST today show nickel trading around $.12/lb lower. Stockpiles of nickel stored in LME licensed warehouses went unchanged on Monday and remain just below the 37,050 tonne level. Shanghai nickel  fell overnight, to 165,940  y/t.  Nickel is trading back below the $21,000 tonne level this morning, for the first time since the 24th of July.  Stay safe out there and have a great Tuesday!
  • Average price of LME traded cash nickel so far this month - $9.76/lb

  Reports

  • Reuters metals morning - Copper skids to lowest in almost a month on Chinese trade data - 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 

    Monday's market review - Surplus metal, weak demand prospects weigh on copper  - Copper prices sank on Monday as the market fretted about surpluses of the industrial metal, rising stocks, poor demand prospects in top consumer China and a firmer dollar. - more

     India striving for solving concerns of stainless steel industry - According to the Indian Stainless Steel Development Association (ISSDA), India’s stainless steel consumption in the fiscal year 2023 grew nearly 10% year on year, reaching 4 million tons. - more

     Glencore sticks to acquisition trail as earnings halve - Glencore said it remains on the hunt for acquisitions, including a possible partial or full takeover of Canada's Teck, even as it reported a halving in earnings for the first half of the year on Tuesday and slashed shareholder payouts. - more

     Zimbabwe reaps rewards of mining beneficiation - The government has set the stage for Zimbabwe to benefit from its huge natural resources by putting in place policies and measures that outlaw exportation of several minerals in their raw form. - more

     Courtesy AISI - In the week ending on August 5, 2023, domestic raw steel production was 1,727,000 net tons while the capability utilization rate was 75.9 percent. Production was 1,720,000 net tons in the week ending August 5, 2022 while the capability utilization then was 78.0 percent. - more

     Hot Rolled Stainless Steel vs Cold Rolled Stainless Steel – What’s the Difference - Stainless steel is one of the world’s most versatile, durable, and widely used materials. It’s corrosion-resistant, heat-resistant, easily cleaned, and incredibly strong. - more

   Other News

  • Explained: What Tesla’s New Home In Malaysia Means For Nickel-Rich Indonesia - 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

Monday, August 7

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $9.68/lb ($21,350/tonne). Indicators at 5:45 am CST today show nickel trading around $.09/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Friday and ended the week just under the 37,050 tonne level. Shanghai nickel fell overnight, to 166,080 y/t. Here are your July averages compared to June's averages - Nickel - $9.48 compared to $9.61/lb in June; Chrome - $4.95/lb compared to $4.95/lb in June; and Molybdenum - $22.18/lb compared to $21.94/lb. Stay safe out there and have a great week!
  • Average price of LME traded cash nickel so far this month - $9.79/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
  • US Economic Indicators: Durable Goods Orders & Shipments - 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 

    Friday's market review - Copper slips on firm dollar ahead of U.S. data, China worries - Copper prices retreated on Friday, weighed down by a firmer dollar ahead of U.S. jobs data and persistent worries about weak demand in top metals consumer China. - more

     Taiwan’s stainless steel 316 prices expected to be upheld by strong molybdenum price - The price of ferromolybdenum prices continued to rise.  - more

     India’s stainless steel consumption increases by 10% in FY 2022-23 - India's stainless steel consumption grew by 10 percent to 4 million mt in the fiscal year 2022-23, according to data released by the Indian Stainless Steel Development Association (ISSDA) on Friday, August 4. - more

     Could nickel reserves be the key to independence for New Caledonia? - The South Pacific French territory of New Caledonia is a major producer of nickel, a metal that is increasingly in demand around the world to make electric car batteries. - more

     Foreign shareholders plans to divest 14% stake in Vale Indonesia - minister - Foreign shareholders in nickel miner Vale Indonesia are planning to sell 14 per cent of their stake to a state company this year to bring their holding below the maximum permitted for overseas firms, mining minister Arifin Tasrif said on Friday. - more

     Nearshoring tide growing in Mexico - Before 2020, anyone suggesting to a manufacturer’s board of directors that they ditch China for Mexico would likely have been shown the door, possibly to the sounds of laughter. - more

   Other News

  • Battery plants or bust: Why some think Ottawa's $30-billion EV bet puts Canada on the wrong track - more
  • China's steel sector invests US$100 billion in coal-fired power plants - more
  • Yellow shutdown may lead to sticker shock for shippers, analysts say - 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

Friday, August 4

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $9.82/lb ($21,640/tonne). Indicators at 6:00 am CST today show nickel trading around $.12/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started today's trading session just over the 37,100 tonne level. Shanghai nickel rose to 169,970 y/t overnight. Cancelled warrants slipped to below 3% yesterday. Outokumpu is considering building a hot roll mill here in the US, to augment it's cold roll mill already operating in Alabama Stay safe out there and have a great weekend!
  • Average price of LME traded cash nickel so far this month - $9.88/lb

  Reports

  • Reuters metals morning - Copper slips on firm dollar ahead of U.S. data, China worries - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - non posted
  • 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 nickel producers look to London exchange in dash for profit - Chinese nickel producers are looking to list metal on the London Metal Exchange (LME), two China-based industry analysts said, as they seek improved access to global markets and rush to lock in profits while they boost output. - more

     JSL’s stainless steel sales grow in Q1 FY24 y-o-y - Jindal Stainless Limited (JSL), the largest stainless steel manufacturer in India, reported its stainless steel standalone sales totaled 548,613 tons in the first quarter of the fiscal year 2024, rising by 54% compared to the same period a year ago, driven up by government’s policy of infrastructure and growth in the domestic market. - more

     Italy’s CTA acquires 100% of Raccortubi to expand stainless steel market - Commerciale Tubi Acciaio (CTA), a pipe company in Italy, has completed the acquisition of 100% share capital of Raccortubi, a global leader in supplying pipes, fittings, and flanges of stainless steel and special alloys. - more

     Outokumpu eyes US expansion in view of weakening European market - Finnish stainless steel maker Outokumpu is looking to expand in the United States and could build a hot rolling mill there, it said on Thursday, after its second-quarter profit more than halved due to weakness in its key European market. - more

     Metals Traders Are Leaving Hedge Funds as Markets Disappoint - A series of metal traders are leaving hedge funds — including some fairly new hires — after the wild price swings that drew fresh money into the sector in recent years have evaporated, leaving markets drifting sideways. - more

   Other News

  • Policy Watch: After fraught global meeting, future of deep-sea mining still hangs in balance - more
  • How China is fast-tracking high-speed rail with AI-powered builders - 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
  • US Fed Singla Family New Housing Starts - 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

Thursday, August 3

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $9.80/lb ($21,600/tonne). Indicators at 5:45 am CST today show nickel trading around $.06/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Wednesday and started today just below the 37,000 tonne level. Shanghai nickel followed LME's Wednesday drop overnight, falling to 167,580 y/t. Lot of news below, from around the globe, so we leave you with it. Stay safe out there and have a great Thursday!
  • Average price of LME traded cash nickel so far this month - $9.99/lb

  Reports

  • Reuters metals morning - Copper rebounds after sell-off on US credit downgrade, steady dollar caps gains - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Job Openings and Labor Turnover Summary - 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 extends losses on stronger dollar - Copper prices extended losses in London on Wednesday as stronger U.S. dollar as well as weak manufacturing data and a struggling property sector in top consumer China soured sentiment. - more

     China's molybdenum price to keep firm in short term - China's ferromolybdenum prices continued to rise. The current market price hiked by 3.1% compared to early July, mainly due to higher costs and rising international molybdenum prices. - more

     US stainless price gap with rest of the world starts to narrow - As reported in early June, stainless steel prices in the United States remain exceptionally high in comparison with those in the rest of the world. - more

     Turkey's CR stainless steel exports to EU under the spotlight - The European Commission's Directorate-General for Trade has received a complaint alleging that cold rolled stainless flat steel shipments from Turkey, Taiwan and Vietnam are circumventing the antidumping .... - more

     China’s crude stainless steel production grows in H1 y-o-y - According to statistics from the Stainless Steel Branch of China Iron and Steel Association, China’s crude stainless steel production amounted to around 17.59 million tons in the first half of this year, up by 8.2% compared to the same period a year ago.  - more

     Malaysia extends AD duties on CR stainless steel products from four countries - The Malaysian Ministry of International Trade and Industry (MITI) has announced that it has decided to extend the antidumping (AD) duties on cold rolled stainless steel from .... - more

     MN Supreme Court Rules Against Disputed Mine, Says State Pollution Officials Hid EPA Warnings - The Minnesota Supreme Court on Wednesday ruled that the state’s Pollution Control Agency improperly granted permits to a fiercely contested copper-nickel mine and concealed environmental concerns about the project, which critics say threatens to pollute Lake Superior and hurt tribal lands. - more

     Indonesia defends its curbs on nickel ore exports amid EU claim of breach in international trade - Indonesia has stepped up its defence of its nickel ore export curbs the European Union has protested against, asserting its right to enhance value addition, boost its economy, and create job opportunities by climbing the value chain. - more

     Russia's Nornickel slashes 2023 investment forecast by around $1 bln - Russian miner Nornickel said on Wednesday it had cut its 2023 investment forecast to $3.5-3.8 billion from $4.7 billion. - more

  • Russia's Nornickel makes Asia pivot as metals price drop hits H1 profits - more

   Other News

  • Wage growth still exceeds 3 percent despite slowing in business survey measures - more
  • Canada's TMC to seek seabed mining license in 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

Wednesday, August 2

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $10.14/lb ($22,360/tonne). Indicators at 5:50 am CST today show nickel trading around $.23/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and started today's session just over the 37,200 tonne level. Shanghai nickel rose overnight, to 172,020 y/t. For the second month in a row, all four of the PMI numbers we follow remain in contraction (here). Stainless steel production in China rose MOM and YOY in August. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $10.14/lb

  Reports

  • Reuters metals morning - Copper slips as traders await clarity on Chinese stimulus - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Global Economic Indicators: Global Manufacturing PMIs - 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 

     POSCO maintains stainless steel prices for Aug to stabilize market - South Korean steelmaker POSCO maintained stainless steel prices for August in order to stabilize the market. - more

     China’s scheduled crude stainless steel production grows in Aug m-o-m, y-o-y - According to statistics, the scheduled production of crude stainless steel in China’s 41 mills amounted to around 3.12 million tons in July, rising by 2.7% compared to the previous month and by 24% from the same month a year ago. - more

     China’s steel sector PMI remains at 49.9 percent in July - In July this year, the purchasing managers index (PMI) for the Chinese steel sector was at 49.9 percent, remaining stable compared to June this year, as announced by the China Steel Logistics Committee (CSLC),.... - more

     French nickel production needs restructuring to face Chinese, Indonesian competition - France’s nickel production is significantly lagging behind its Indonesian and Chinese counterparts, and must be both refinanced and restructured to meet EU critical raw materials independence goals, a new government report reveals. - more

   Other News

  • UPDATE 1-Indonesia's new export rule could boost FX supply by $9 billion per month - more
  • Watch: The Coming 'Apocalypse' In Fulfillment Centers - 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

Tuesday, August 1

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $10.13/lb ($22,330/tonne). Indicators at 5:50 am CST today show nickel trading around $.16/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell slightly on Monday and started the new month just over the 37,500 tonne level. Shanghai backed off a little last night, down to 171,270 y/t. Base metals are trading quietly this morning, with a lower Euro stealing momentum, while nickel is bucking the trend and trading noticeably higher. Not seeing any particular reason for the market to be bullish, and trading well off the $21,000 tonne level for the last week. August is typically the slowest news month for nickel and stainless steel, but we will continue to give you what we find daily. Stay safe out there and have a beautiful day!
  • Average price of LME traded cash nickel so far this month - $9.48/lb (July average)

  Reports

  • Reuters metals morning - London copper dips on stronger dollar - 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 

     Global molybdenum production and usage falls in Q1 2023 - The International Stainless Steel Forum (ISSF) has released figures for Q1 2023 showing that global production of molybdenum fell by 3% to 146.8 million pounds (mlbs) and global usage of molybdenum fell by 8% to 144mlbs. - more

     European stainless flats demand resumes, prices to increase - EUROMETAL - European stainless steel coil prices have reached rock bottom and will increase in new contracts, sources tell Kallanish. - more

     Stainless steel mills push for price rises - Market conditions in the global stainless steel sector remain uncertain as the second half of 2023 begins. - more

     Specialty Metals Update - Mixed Bag For Stainless - The environment for specialty metals, like beauty, is truly in the eye of the beholder. - more

     China's weak PMI means good news for commodities, for now: Russell - Bad news for China's economy appears to spell good news for commodities, with prices of copper and iron ore gaining on hopes for new stimulus measures after yet another weak indicator. - more

     WTO: China’s AD measure on Japan’s stainless steel products inconsistent with WTO agreements - On July 28, 2023, the World Trade Organization (WTO) adopted a decision of its Dispute Settlement Body (DSB) regarding a penal report on China’s anti-dumping (AD) measures on stainless steel products from Japan, ... - more

      Indonesia's EV Mission Will Be Trickier Than Just Mining Nickel - Southeast Asia’s biggest economy wants to use its booming battery-metals sector as a springboard to become a global player in electric vehicles. - more

     Courtesy AISI - In the week ending on July 29, 2023, domestic raw steel production was 1,749,000 net tons while the capability utilization rate was 76.9 percent. Production was 1,721,000 net tons in the week ending July 29, 2022 while the capability utilization then was 78.1 percent. - more

   Other News

  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


  July 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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