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Stainless Steel News and Nickel Prices



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Wednesday, January 31

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $7.49/lb ($16,510/tonne). Indicators at 5:30 am CST today show nickel trading around $.05/lb lower. Stockpiles of nickel stored in LME approved warehouses jumped again on Tuesday and started today just over the 71,350 tonne level. Shanghai nickel fell to 126,990 y/t overnight. Nickel continues to slowly sag as another nickel mine is put on care and maintenance. It's been a rough month for Australian nickel mines, with the pain is likely to continue and spread. New Caledonia's Goro mine could be in trouble after one of its major investors refused to contribute to a bail out. Today is the last day of January and we end the first month of the still new year with nickel prices hovering around where they started the year. Next month we have the annual Chinese New Year celebration, which can come in either January of February and thus, skews annual comparisons. Typically you have to wait till March to get a good 'this time last year' economic comparison. Their monthly PMI came in a tad higher than last month, but remains on the negative growth side. As did Japan and Europe, but Europe came in stronger than expected. We want to thank our sponsor, PA Inc, for their continued support. Since we have had the same banner on this page for over two years, regular visitors may begin to take it for granted. Without the support of our sponsor, this site would go the way of many metals sites. When we started this site, we built a page over the years, of links to sites we reviewed, on a regular basis, for this news page. We let the computer do much of this work for us now, but that old page of links still exists and over 90% of the links no longer work. So we thank PA Inc for its continued support, and we thank you for your visit. Stay safe out there today, enjoy your hump day, and we hope to see you again next month.
  • Average price of LME traded cash nickel so far this month - $7.30/lb

  Reports

  • Reuters metals morning - Copper prices dip as soft China data, Fed caution 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 - Copper claws higher on hopes for more Chinese support measures - Copper prices rose on Tuesday, lifted by hopes that top metals consumer China would roll out more measures... - more

    Impact on Commodities Due to Chaos in the Red Sea - Data from S&P Global showed the Suez Canal route accounts for 14.8% of all Europe and Middle East and North Africa imports. In response... - more

    Vale’s production and sales in 4Q23 and 2023 - (excerpt) Average nickel realized price was US$ 18,420/t, down 13.3% q/q, mainly due to 15.2% lower LME reference prices q/q. - pdf here

    Trafigura-Backed Nickel Mine Seeks New Partner for Bailout - A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute ... - more

    Spot Prices Indicate Strong Demand for High-Nickel Battery Materials - Recent market analyses have revealed a strong demand for nickel-rich battery materials, as reflected in the spot prices for... - more
  • Slow EV sales are proving problematic for Australia’s lithium miners - more
  • Battery minerals pressure causes cracks Down Under - more
    What is the Impact of Frequent Shutdowns in Australian Nickel Mines? - Since January, overseas nickel mining companies have frequently faced production shutdowns, with information showing that the ... - more
  • Indonesian nickel boom claims another WA mine, and hundreds of jobs - more

   Other News

  • HKEX-owned London Metal Exchange targets Hong Kong as option for warehouse expansion, sources say - more
  • US Consumer Confidence Increased in January - more
  • Judge voids Elon Musk's 'unfathomable' $56 billion Tesla pay package - 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, January 30

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $7.48/lb  ($16,480/tonne). Indicators at 5:25 am CST today show nickel trading around $.07/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Monday and ended that session, just over the 70,050 tonne level. The last time we saw over 70,000 tonnes in LME warehouses, was June of 2022. Shanghai nickel slid to 127,190 y/t overnight. Nickel prices continue to slip, like a slowly deflating tire after being pumped up with air recently. Geopolitical concerns continue to grab the headlines so we leave you with what business related news we could find. Stay safe out there and enjoy your Tuesday!
  • Average price of LME traded cash nickel so far this month - $7.30/lb

  Reports

  • Reuters metals morning - Most base metals fall ahead of Fed rate decision - 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 - Copper slides, focus on China's property sector troubles - Copper prices retreated on Monday as doubts about demand prospects in top consumer China were reinforced by ... - more

    EcoPro Crosses 100,000 Tons in High Nickel Cathode Materials Exports - EcoPro announced that it exported approximately 107,000 tons of high nickel cathode materials in 2023, up 24.4 percent from  - more

    China’s estimated crude stainless steel production rises in 2023 - According to statistics from the Stainless Steel Branch of China Special Steel Enterprises Association, China’s crude stainless steel ... - more

    Indonesian nickel miner boosts returns as mines fight to survive - Indonesian producer Nickel Industries has rewarded investors with an increased dividend and share buyback, underscoring the returns ... - more

   Russia's Nornickel forecasts further nickel, palladium output drop this year - Russian metals producer Nornickel on Monday said it expected a further decline in nickel and palladium output this year ... - more

  • Russia’s stainless steel imports up 30.8 percent in 2023 - more

     Port of Maputo continues to flex its muscle - The strategy adopted by the Maputo Port Development Company and DP World Maputo to focus on developing corridors to support investment in the ... - more

    Walsin Lihwa invests in acquiring stainless steel recycler Inox - Taiwan’s Walsin Lihwa said its board of directors acquired 65% equity in Italy’s Com.Steel Inox S.p.A. (Inox), a metal recycler that spun off ... - more

    Courtesy AISI - In the week ending on January 27, 2024, domestic raw steel production was 1,680,000 net tons while the capability utilization rate was 75.6 percent. Production was 1,697,000 net tons in the week ending January 27, 2023 while the capability utilization then was 75.9 percent. - more

   Other News

  • Supply chain and procurement leaders are flocking to generative AI: Gartner - more
  • U.S. Economy Grew at Surprisingly Strong Pace Last Quarter - more
  • Guatemala to review all mining licences - more
  • Iran Seizes Tanker on Allegations of Diesel Oil Smuggling - more
  • Having the courage to be disliked is the key to happiness, says Japanese best-selling book—here’s why - 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, January 29

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $7.53/lb ($16,600/tonne). Indicators at 5:45 am CST today show nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Friday and ended the week just under the 69,250 tonne level. Shanghai nickel fell to 129,280 y/t overnight. With only three days remaining in January, the first of the three is starting quietly. India's Jindal says the conflict in the Red Sea will hamper demand for exports, while three U.S. soldier deaths in Jordan is threatening to turn the Israel - Gaza conflict into a U.S - Iran situation. Stay safe out there and enjoy your Monday!
  • Average price of LME traded cash nickel so far this month - $7.29/lb

  Reports

  • Reuters metals morning - Copper slides on dollar strength, caution over China demand - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Returns on nickel investments from 2011 to 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 

    Friday's market review - Copper slips on doubts over China's stimulus measures - Copper prices dipped on Friday as many investors questioned whether attempts by top metals consumer China ... - more

    US Stainless-Steel CR Coil Prices remain plunge amid weak downstream Market purchases - In the first half of January 2024, the Stainless-Steel CR Coil experienced a severely declining trend in the US ... - more

   BHP Sees Nickel Demand Rising Fourfold by 2050 on EV Boom - Global demand for nickel will grow as much as fourfold over the next 30 years as electric vehicles almost entirely replace traditional cars, ... - more

   Stainless steel demand to maintain growth in 2024 - At the meeting on January 23, the executive chairman of the Stainless Steel Branch of China Iron and Steel Association said that China's stainless  ... - more

    India's Jindal Stainless cuts export forecast on Red Sea crisis, weaker EU, US demand -  India's Jindal Stainless Ltd has cut its exports forecast for the fiscal year ending March due to freight disruptions ... - more

   Top 8 Countries with Largest Nickel Reserves in the World -  Nickel has been a hot topic in Indonesia following last week's election debate during which vice presidential candidate number 2, .... - more

   Other News

  • Brazil's mining chief says Lula never tried to weigh in on Vale succession - more
  • Trafigura assesses Red Sea risks after tanker attacked by Houthis - more
  • Warehouse employment keeps falling — and more layoffs loom - more
  • Golden Gate Bridge - suicide deterrent net - pdf here
  • Brazil orders Vale and BHP to pay $9.7bn for dam disaster - 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, January 26

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $7.61/lb ($16,770/tonne). Indicators at 5:20 am CST today show nickel trading  unchanged. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started today's session just shy of the 69,300 tonne level. Shanghai nickel rose to 130,400 overnight. There is an presidential election in Indonesia in a few weeks, so expect a lot of media attention on that country and their new found monopoly on nickel production. Nickel prices have been sneaking up all week, but it appears it has hit a stone wall today - so far anyway. Stay safe out there and have a great weekend!
  • Average price of LME traded cash nickel so far this month - $7.28/lb

  Reports

  • Reuters metals morning - Most base metals poised for weekly gains 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 (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 firms, on track for biggest weekly gain in two months - Copper prices edged up on Thursday to a fresh three-week high and were on track for their biggest weekly gain in two .... - more

    Metals: Nickel Faces Pressure as Supply Concerns Mount - Nickel continues to trade under pressure this year after slumping more than 40% in 2023 as increased supplies from Indonesia have raised ... - more

    Indonesian Minister Luhut Says High Nickel Prices Could Harm Economy - Indonesia Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, expressed concern over the nickel prices. - more

  • Luhut Disagrees with Tom Lembong about Tesla Stopping Nickel Use - more
  • Indonesia's nickel policy looks fragile - more
  • Nickel watcher warns that Indonesia will go on flooding market - video here
    December 2023 crude steel production and 2023 global crude steel production totals - World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 135.7 .... - more

   EEC extends AD duty on seamless stainless pipes from China and Malaysia for five years - The Eurasian Economic Commission (EEC), the executive body of the Eurasian Economic Union which includes ... - more

   Taiwan's stainless steel mills to announce new prices for Feb next week - Taiwan's leading stainless steel mills will announce the new prices for February next week. LME nickel futures and spot prices remained ... - more

   Other News

  • China braces for Spring Festival travel rush with record 9 billion passenger trips expected - more
  • FedEx, UPS discounts expected to soften blow of 2024 rate hikes - more
  • The Boeing Issue Isn’t About Bolts - 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, January 25

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $7.53/lb  ($16,590/tonne). Indicators at 5:40 am CST today show nickel trading around $.06/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell slightly on Wednesday and ended that session just over the 69,300 tonne level. Shanghai nickel fell slightly, to 129,720 y/t overnight. Not a lot of news out there so we leave you with what we found. Stay safe out there and have a great day!
  • Average price of LME traded cash nickel so far this month - $7.27/lb

  Reports

  • Reuters metals morning - Copper dips from 3-week high on caution after China policy support - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • SFSA Casteel Reporter – January 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 

    Nickel price is stabilising but a rebound might not happen soon - Nickel prices are hovering near their lowest level since 2021 as investors focus on the ongoing demand and supply mismatch. - more

    South Korea removes AD duties on stainless steel bars from Japan, India & Spain - South Korea will terminate nearly 20 years of anti-dumping duties on imports of stainless steel bars from India, Japan, and Spain. - more

    Nickel miners explore for taxpayer dime to ease industry pain - WA’s troubled nickel sector has pleaded for government help to withstand a price slump caused by booming production from Indonesia. - more

    Don’t stake it all on nickel The fact is, the government has been trying to put all its EV development eggs in one basket, that of nickel, but flexibility, innovation and adaptability are key to building an industry .... - more
  • Bahlil Denies Nickel Being Less Popular Than LFP Batteries - more

   Other News

  • Unwanted Plants Threaten Crops in North-Central US - more
  • US Navy intercepts missiles in Red Sea while escorting Maersk ships - Maersk - more
  • Maersk Line Ltd. Quits Red Sea After Attack on U.S.-Flag Ships - 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, January 24

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $7.39/lb ($16,295/tonne). Indicators at 5:50 am CST today show nickel trading around $.05/lb higher. Stockpiles of nickel stored in LME licenses warehouses fell on Tuesday and started today's session just under the 69,350 tonne level. Shanghai nickel switched contracts and rose to 129,780 y/t, as compared to the old contract at 129,480 y/t. New Caledonia's three mining companies are hoping for some financial help from France as nickel prices have made their future viability questionable. Only Eramet is owned by a French company, so not sure why the other two should be holding out for help. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $7.27/lb

  Reports

  • Reuters metals morning - Aluminium edges higher as sanction jitters fuel supply woes - 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 

     Nickel's Nosedive: 40% Yearly Drop Puts Miners In A Tight Spot - Nickel prices on the London Metal Exchange (LME) have continued their downward spiral, marking a more than 40% decline over the past year. - more

     Taiwan ranks 6th largest stainless steel export country of China - Per China customs data, the total stainless steel export volume for 2023 was about 2.69 million tons, 65% of the export was to 10 countries ... - more

  • Taiwan’s AD measure on cold-rolled stainless steel from China, South Korea to expire in Aug - more

     Australian government to meet battery metal producers as prices slump - Nickel and lithium producers in Australia are halting or slowing operations amid a persistent price slump, with the government ... - more

    New Caledonia's Prony Resources faces cash crunch on nickel slump - New Caledonian nickel producer Prony Resources is facing an "alarming" situation amid a slump in metal prices as it waits for the possibility... - more

    Courtesy AISI - In the week ending on January 20, 2024, domestic raw steel production was 1,682,000 net tons while the capability utilization rate was 75.7 percent. Production was 1,697,000 net tons in the week ending January 20, 2023 while the capability utilization then was 75.9 percent. - more

   Other News

  • EU imported 203,000 tons of Russian iron and steel products in November  - more
  • AMT LME COTR analysis 23 Jan.24 - more
  • Jindal Stainless elevates Tarun Khulbe as CEO - 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, January 23

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $7.26/lb ($15,995/tonne). Indicators at 5:50 am CST today show nickel trading around $.11/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Monday and started today's session just under the 69,450 tonne level. Shanghai nickel rose to 129,650 y/t overnight. While the Euro is slightly lower this morning, nickel is trading higher on rumors that China is making plans to pump money in to their market to stabilize their stock market. Stay safe out there and have a great Tuesday!
  • Average price of LME traded cash nickel so far this month - $7.27/lb

  Reports

  • Reuters metals morning - Most base metals rise as China eyes support for equities - 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 nickel market sees 35,300 metric ton surplus in November - INSG - The global nickel market had a surplus of 35,300 metric tons in November, up from a surplus of 7,800 tons a year earlier... - more

    Nickel Prices Keep Slumping Even as Mines Close -  Nickel futures continued to edge lower on the London Metal Exchange, despite a slew of announcements by companies cutting production .... - more

  • Indonesian Nickel Miners Face Plummeting Prices and Oversupply Concerns - more

    Eramet's New Caledonia nickel plant runs reduced output after power incident - SLN, the New Caledonia nickel producer controlled by mining group Eramet, said on Monday it was running at reduced capacity ... - more

    China’s stainless steel exports decline on sluggish demand - According to statistics from the General Administration of Customs of China, China’s monthly stainless steel exports, excluding February, .... - more

    Italian stainless flats market continues to drag - Stagnation is persisting in the Italian stainless flat steel market in the first month of the year. Service centres and re-rollers are seeing a prolonged negative .... - more

    Request government for protectionist measures in Budget; remove duty on raw materials .- Jindal Stainless Ltd (JSL) MD Abhyuday Jindal has urged the government to remove import duty on raw materials in the .... - more

   Other News

  • Tensile properties and microstructural evolution of 17-4 PH stainless steel fabricated by laser hybrid additive manufacturing technology - 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, January 22

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $7.28/lb ($16,050/tonne). Indicators at 5:30 am CST today show nickel trading around $.05/lb lower, and trading under $16,000/tonne. Stockpiles of nickel stored in LME licensed warehouses fell on Friday and started this weeks trading just under the 69,500 tonne level. Shanghai nickel fell to 125,940 y/t overnight. More nickel mine closures announced, and at the current pace, Australia may soon not be mining nickel. While this is typical in the feast/famine, deficit/surplus, on again, off again cycle of mining nickel, this activity would soon force the market from surplus back into a more even supply/demand situation. Thus, as supply became more important, prices would rise and cause more mines to re-open. That is, as we said, what would typically happen. But this year we have Indonesia playing the wild card. As long as Indonesia is producing nickel, any flattening in the current surplus situation will take much longer to unfold. And this means, we could potentially see nickel selling in the cellar for some time. Lot of news out there to start the week. Stay safe and have a great week! 
  • Average price of LME traded cash nickel so far this month - $7.27/lb

  Reports

  • Reuters metals morning - Copper rises as softer dollar lends 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 (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 rebounds on technical signals and lower LME stocks - Copper prices rose in London on Friday as technical factors and lower available stocks supported recovery ... - more

    Taiwan’s stainless steel prices supported by production costs - Taiwan’s stainless steel mills will announce their new prices for February at the end of this month. - more

    Another fire at nickel smelter in Indonesia's Sulawesi, no injuries - A fire broke out at a nickel smelter in eastern Indonesia, an official said on Saturday, less than a month after a fire at the same industrial park ... - more

  • Morowali Nickel Smelter Fire Recurs; Showing Govt Weak Governance in the Industry, DPR Says - more
    Indonesian Mining Firm Shuts Smelter Furnace After Slag Overflow -  An Indonesian mining company shut down a nickel smelter furnace after an overflow of hot slag on Friday, the latest in a series of incidents.... - more
  • Australian Tycoon Forrest Shuts Nickel Mines After Prices Crash - more
    Australian Tycoon Forrest Shuts Nickel Mines After Prices Crash - Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines ... - more

    South32’s Colombia nickel mine faces strategic review amid market turbulence - The Cerro Matoso mine, in Colombia, a major ferronickel producer, is undergoing a strategic review in response to ongoing ... - more

    LME CEO aims to have first contracts with Shanghai futures exchange in 2024 - The London Metal Exchange aims to have pilot contracts using prices from the Shanghai Futures Exchange this year,.... - more

    London Metal Exchange bounces back from nickel debacle: Andy Home - Average daily volumes reached 710,000 lots in December, up 54% year-on-year and the strongest monthly trading activity since March 2020 - more

   Are Steel Prices Headed Lower in 2024? - Could the U.S. steel market, characterized by elevated prices and diminished production levels recently, stand at the precipice of change? - more

   Manufacturing Outlook for 2024—Overall Growth Continues, Albeit at a Slower Pace - A late-2023 Forbes report projected a growth in the U.S. economy of 2.4% in 2023 (up from 1.9% in 2022), ... - more

   Other News

  • Base Metals: Looking for Goldilocks - more
  • Red Sea crisis leaves some retailers more exposed than others - more
  • More than 10.5 million new passenger cars were sold in the EU in 2023 - more
  • Ford Cutting Back F-150 Lighting Production Due to Lower EV Demand - more
  • Red Sea Crisis is Disrupting the Electric-Car Industry - more
  • Are you old enough to remember when the first President to use the term "Make America Great Again", also uttered the words "Mr Gorbachev, tear down this wall"? Now apparently Washington cannot decide who are the good Communists - and the bad Communists. MAGA wants us to believe military aggressive Russia is now our friend, while President Biden negotiated with Communists in Vietnam last year to provide them some F-16's, just to annoy their neighbor, and our newest apparent enemy, China.  

  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, January 19

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $7.34/lb ($16,175/tonne). Indicators at 5:20 am CST today show nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and ended yesterday just under the 69,600 tonne level. Shanghai nickel fell to 127,950 y/t overnight. Nickel appears to be trading around the strength, or the lack thereof, of the Euro this morning. Both are doing little so far, but trading of both is choppy. Stay safe out there and enjoy your weekend!
  • Average price of LME traded cash nickel so far this month - $7.28/lb

  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
  • The Beige Book - 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 

     Asian stainless steel prices to stabilize  - The LME nickel price recently has dropped to the US$16,200/ton level. After that, the nickel price remained stable and had no big influence. - more

    Taiwan's upstream stainless steel mills receive orders smoothly - Taiwan's upstream stainless steel mills adopt individual price negotiations for January offers. Recently, Indonesia Tsingshan has raised prices... - more

    Outokumpu completed the change negotiations related to the restriction of the ferrochrome production - Outokumpu has completed its change negotiations related to the company's plans to temporarily restrict ... - more

    Solway Investment Group’s Guatemalan Mining Subsidiaries Removed from U.S. Treasury Sanctions List - The Guatemalan subsidiaries of Solway Investment Group, a Swiss-based global mining concern, were ... - more

    Pipe and Pipe Fittings in Nickel 200, Alloy 400 (Monel®), Alloy 600, Alloy 601, Alloy 625 (Inconel®), Alloy 800H/HT, Alloy 825 (Incoloy®), Alloy 803, Alloy 20, Alloy C276 (Hastelloy®), and Titanium Gr 2 & 7  - available here

   Other News

  • Turkey exhausts some of its EU steel import quotas - more
  • Supplier sues UNFI in chargeback spat - more
  • China unearths million-tonne lithium deposit, heating up global resource race as Thailand also boasts big find - more
  • Guidelines for the welded fabrication of nickel alloys for corrosion-resistant service - pdf here
  • Will the 'China factor' become an election issue in Indonesia? - more
  • The Life of Ni - pdf here

  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, January 18

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $7.29/lb ($16,075/tonne). Indicators at 6:00 am CST today show nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Wednesday and started today's session just under the 69,450 tonne level. Shanghai nickel rose to 128,260 y/t overnight. Nickel is trading slightly higher this morning, as is the Euro against the U.S. Dollar. Lot of news out there so we leave you with. Stay safe out there and enjoy your day!
  • Average price of LME traded cash nickel so far this month - $7.29/lb

  Reports

  • Reuters metals morning - Copper rebounds in London as dollar dips - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • U.S.Import and Export Price Index - pdf here 
  • Manufacturers Sales - 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 

    Surging exchange stocks pile the pressure on nickel - Nickel was the worst performer among the London Metal Exchange's (LME) base metals last year by some margin as the market priced in a wave of new... - more

   Metal Prices to Ease with Softening Demand - This blog post is part of a special series based on the 2023 Commodity Market Outlook, a flagship report published by the World Bank. - more

    South Korea terminates AD measure on Japan’s stainless steel plates - The Korea Trade Commission (KTC) announced its final determination of the third anti-dumping (AD) sunset review on stainless steel .... - more

    Samsung SDI buys stake in Canadian nickel miner for battery expansion - Samsung SDI, a leading South Korean lithium-ion battery manufacturer, has acquired a stake in Toronto-based Canada Nickel .... - more

    BHP Reviewing Nickel Assets to Mitigate Drastic Price Slump - BHP Group Ltd. is considering options for its Australian nickel operation to mitigate the impact of a sharp fall in prices and warned it could be forced ... - more

    Foreign-backed nickel hub in Indonesia causing mass deforestation -report -  Mining activity at a nickel industrial park linked to mainly Chinese companies has contributed to mass deforestation in Indonesia, ... - more

   Other News

  • Britain sets out plan to strengthen critical supply chains - more
  • First Quantum offers voluntary retirement to over 1,500 Panama mine staff - more
  • Top-Three 2024 Supply Chain Challenges and Opportunities - more
  • More CEOs Fear their Companies Won't Survive Amid AI, Climate Challenges - more
  • Pakistan strikes inside Iran against militant targets, stokes regional tension - more
  • U.S. relists Houthis as terrorists, rebels hit another US-operated ship - 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, January 17

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $7.34/lb  ($16,175/tonne). Indicators at 6:00 am CST today show nickel trading around $.06/lb lower. Stockpiles of nickel stored in LME licensed warehouses jumped on Tuesday and started today's session just over the 69,500 tonne level. Shanghai nickel rose to 127,030 y/t overnight. The Euro got beat up yesterday against the Dollar, and this added negative pressure to commodity trading, pushing cash nickel below the $16,000 tonne level for a time. Closing above yesterday, it is threatening to fall below that level again today. Norway makes the news for a second day, having announced plans to allow sea mining earlier and now, to allow mine waste to be dumped in the sea. China steel exports soared in 2023, while nickel mines had a rough year, and 2024 looks rougher. Stay safe out there and have a great hump day!   
  • Average price of LME traded cash nickel so far this month - $7.30/lb

  Reports

  • Reuters metals morning - Copper slides to one-month low on sluggish Chinese economy - 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 16 Jan.24 - 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 scrap imports surge in 2023 - According to statistics, Taiwan’s stainless steel scrap imports totaled around 269,000 tons in 2023, growing by 86% compared to the previous year. - more

    Factbox - Australia's nickel producers reel from supply glut - A sharp slide in nickel prices over the past year, driven by a jump in Indonesian supply, has hit Australian nickel producers, leading to... - more

  • BHP faces nickel choice this year as high-cost Australian miners suffer - more

    China exported 90.3 million tons of steel products in 2023 - In 2023, Chinese steel companies increased their exports of steel products by 36.2% compared to 2022, to 90.3 million tons. Export shipments have ... - more

    Indonesia says ‘strong indication’ of safety violation led to fire at Chinese-owned nickel plant that killed 21 people - Indonesia’s Manpower ministry said there was a strong indication of procedure violations and ... - more

    Norway set to allow mining waste to be dumped in fjords - Norway joins just two other countries globally that still approve new licences for marine waste disposal. - more

    Courtesy AISI - In the week ending on January 13, 2024, domestic raw steel production was 1,699,000 net tons while the capability utilization rate was 76.5 percent. Production was 1,697,000 net tons in the week ending January 13, 2023 while the capability utilization then was 75.9 percent. - more

   Other News

  • London Metal Exchange’s growing Russian aluminium problem - more
  • Xi calls for strengthening patriotic united forces as security authority warns secessionists - more
  • Ocean freight rates surge further as Red Sea crisis develops - more
  • As Red Sea Crisis Drags On, Shippers Eye Alternatives - more
  • Taiwan or South China Sea: which is the riskier flashpoint for US-China ties? - 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, January 16

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $7.35/lb ($16,200/tonne). Indicators at 5:40 am CST today show nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME licensed warehouses went unchanged on Monday and remain just over the 69,000 tonne level. Shanghai nickel fell to 126,850 y/t overnight. Considering the Euro has spent the morning tanking against the U.S. Dollar, nickel has shown some resilience - at least so far. It remains weakened by the over supply gripping the world, and every expectation that this situation will continue thru the year. These lower prices are also starting to cause mines to shut down. First Quantum of Canada announced yesterday it was shutting down one of the mines that make up its Ravensthorpe project in Australia. And the country mostly responsible for the global oversupply, reported yesterday that it missed its production targets for 2023. Donald Trump won the Iowa political caucus yesterday, proving that when you give farmers three times more in annual farm subsidies than any previous president had, farmers remember. Government financial subsidies are called Socialism, except for the ones pointed in ones own direction. Stay safe out there and have a great day!   
  • Average price of LME traded cash nickel so far this month - $7.31/lb

  Reports

  • Reuters metals morning - Most non-ferrous metals under pressure as dollar strengthens - 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 

    Oversupply sets the tone for China's nickel market. 2024 preview - In 2023, the emergence of converting Class-2 materials into Class-1 materials, especially nickel sulphate in nickel cathode, will drive some .... - more

    Indonesia produces 535,200 metric T of nickel in ferronickel in 2023, misses target - Indonesia produced 535,200 metric tons of nickel in ferronickel and 71,400 tons of nickel matte in 2023, both below target, ... - more

    First Quantum to halt Ravensthorpe nickel mine - Canadian miner First Quantum Minerals, which is reeling from the forced closure of its giant copper mine in Panama, will halt mining at its Ravensthorpe .... - more

    SunSirs: Stainless Steel Prices Remain Stable This Week (January 8-12) - According to the price monitoring of SunSirs, stainless steel prices remained stable this week. As of January 12th, the daily average .... - more

    ArcelorMittal reportedly planning offer for Zimbabwe alloys - ArcelorMittal is considering an offer for Zimbabwe Alloys Chrome, an insolvent ferrochrome producer seeking investors, Bloomberg reports. - more
  • Chrome smelter to establish 300MW power plant - more
   Indonesia says 'strong indication' of safety procedure violation in nickel fire - Indonesian government said on Tuesday there was a strong indication of a safety procedure violation that led to a fire at a nickel smelter ...- more

   Other News

  • U.S.-Owned Cargo Ship Near Yemen Hit by Missile - more
  • Chinese government bought Nvidia chips despite US ban, Reuters reports - 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, January 15

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $7.41/lb ($16,335/tonne). Indicators at 5:30 am CST today show nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Friday and started this week reading just over 69,000 tonnes. Shanghai nickel fell overnight, to 127,200 y/t. Today is a Federal holiday in the U.S., but other than government related offices, most business' remain open. Lot of interesting articles linked below and numerous PPI numbers posted that might be of interest to our readers. Stay safe out there and have a great week! 
  • Average price of LME traded cash nickel so far this month - $7.30/lb

  Reports

  • Reuters metals morning - London copper prices steady as US dollar weakens - 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 and Titanium-Base Alloy Mill 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 Shipping Containers - more
  • Truck Tonnage 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 

    Friday's market review - Copper gains restrained by Chinese loan data -  Copper prices climbed on Friday on expected monetary easing in China, though gains were capped by loan data from the world’s..... - more

    Merafe Resources’ ferrochrome output falls in 2023 amid unfavorable market conditions - South Africa-based ferrochrome producer Merafe Resources has announced its production results for the fourth quarter ...- more

    China's finished steel exports slightly above 90 million mt in 2023, highest since 2016 - China's finished steel exports amounted to 90.264 million mt in 2023, increasing by 36.2 percent year on year, according .... - more

      Global steelmaking capacity will increase by 57 million tons in 2023 – OECD - Global steel overcapacity is growing again and is expected to be as high as in 2014, at the start of the previous steel crisis. - more

    Norway Just Raised the Stakes Over Deep Sea Mining - The Nordic nation is the first to authorize seabed mining activities in its waters, exacerbating global tensions over strip-mining ocean ecosystems. - more

    Stainless Steel and Contamination Prevention in Food and Beverage Equipment - Food and beverage design engineers are under constant scrutiny to deliver machines that are both good for the bottom ..... - more

   Other News

  • Tesla Pausing German Factory Operations Citing Red Sea Disruptions - more
  • Taiwan voters dismiss China warnings and hand ruling party a historic third consecutive presidential win - more
  • Fed reports record loss for 2023 amid surge in interest expenses - more
  • Monetary Tightening, Commercial Real Estate Distress, and US Bank Fragility - pdf here
  • 7 Tips for Differentiating in the Selling Process - more
  • How Do You Differentiate In Sales? - 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, January 12

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $7.46/lb ($16,445/tonne). Indicators at 6:50 am CST today show nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Thursday and started today's session just over the 69,100 tonne level. Shanghai nickel rose to 129,420 y/t overnight. Another metals analyst lowers their forecast for 2024 nickel. The LME saw an increase in volume last year, which isn't surprising considering what they lost the prior year. These and more stories linked below. Your author has finally caught the bug of the 21st century, the highly politicized and conspiracy wrapped COVID-19. After some dental work a few weeks ago, I kept applying Orajel to a sore area, and this meant my finger was in my mouth far too often. Picked it up in town Saturday, and started with a sore throat on Monday, Then congestion on Tuesday, fevers constantly, and constant, sometimes gut wrenching, coughing. Other than that I feel fine, just not a real fun person to be around. Oh and my wife caught it from me Tuesday and now she has tested positive as well. So my partner in life is giving me the stink eye every time she coughs or sniffs. We are both vaccinated and boosted, so not worried - just miserable. With that, we sign off as we have since before COVID ever became a news item. Stay safe out there and have a great weekend!
  • Average price of LME traded cash nickel so far this month - $7.31/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
  • Truck Tonnage 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 

    Higher investment risk appetite boosts activity at LME by 11% in 2023 - Average daily volumes at the London Metal Exchange (LME), the world's largest and oldest metals forum, gained 11% to 593,537 lots... - more

   BMI lowers outlook for nickel price - Research firm BMI has revised downward its nickel price forecast for this year to $20 000/t from $20 600/t as the market remains in a supply glut. - more

    Australia is ‘no longer competitive’ in nickel: producer - The biggest nickel producer on the ASX says Australia is no longer competitive in the sector and its miners will never attract a so-called green .... - more

    U.S. imports / exports of Nickel thru November - more  //   U.S. imports / exports of Stainless steel thru November - more // use search bar on top of each page to check your item of interest

   Taiwan's stainless steel manufacturers strive to stabilize market - Although the futures price of stainless steel in the Chinese market fell, the spot price was temporarily stable due to the increase in ferronickel .... - more

   Russia’s stainless steel production increases in Nov 2023 m-o-m, y-o-y - According to statistics from the Russian Federal State Statistics Service (Rosstat), Russia’s stainless steel production totaled around ... - more

   European steelmakers restart blast furnaces after shutdowns as coil prices rise - The first quarter of 2024 is kicking off with European steelmakers slowly resuming production, suspended since mid-2023.... - more

   Other News

  • Investigation of tensile and fatigue properties of an austenitic stainless steel part fabricated by WAAM - more
  • Chinese scientists join global debate on human embryo research restrictions - more
  • China set to lose crown as top U.S. exporter after 17 years - 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, January 11

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $7.43/lb ($16,370/tonne). Indicators at 6:00 am CST today show nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose on Wednesday and started today just over the 68,600 tonne level. Shanghai nickel rose to 138,970 y/t overnight. Stay safe out there and have a great Thursday!
  • Average price of LME traded cash nickel so far this month - $7.30/lb

  Reports

  • Reuters metals morning - Base metals climb on soft US dollar, yuan 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 (updated each Friday) - more
  • Shanghai Jinchuan nickel price -  here

  London Metals Market

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

    FACOR orders new ferrochrome plant - Metso has received an order from FACOR (part of Vedanta) for a new 300ktpy ferrochrome plant in India to be commissioned in 2025. - more

    SMM Exclusive: China Metals Output In December And Forecast For January - SMM data showed that in December, China's copper cathode output was 999,400 mt, an increase of 38,600 mt ... - more

    Indonesia’s NPI production jumped 20% in 2023, but may drop in January 2024 - Indonesia's December 2023 NPI production reached 128,700 mt in nickel content, up 1.06% MoM and 24.3% YoY. - more

    ‘Nickel needs to be incentivised more positively’: Minister King - Federal Resources Minister Madeleine King has told The Australian Financial Review (AFR) that she supports a green price premium for ... - more

    Vale BM says decision to merge Canada nickel ops with Glencore a priority - Vale Base Metals (VBM) is prioritising a decision on whether to combine its nickel operations in Canada's Sudbury basin with those ... - more

  • BYD Indonesia expected to launch new cars soon: Report - more

    Finland’s Outokumpu increases stake in Rajakiiri wind farm - Finland-based stainless steel producer Outokumpu has announced that it has decided to invest in a further stake in the Rajakiiri wind farm in Tornio,....  - more

   Other News

  • China emphasizes Taiwan question, South China Sea issue in resumed defense policy coordination talks with US - more
  • UPS to cut sorting shift at Indianapolis facility amid soft demand - more
  • Saudi Arabia signs mining deals with four nations - more
  • More than a quarter of workers say they’re ready to leave their current job  - 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, January 10

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $7.36/lb  ($16,230/tonne). Indicators at 6:00 am CST today show nickel trading  unchanged. Stockpiles of nickel stored in LME licensed warehouses fell slightly on Monday and started today just over the 63,300 tonne level. Shanghai nickel fell to 124,920 y/t overnight. The death toll of the Christmas Eve nickel smelter explosion has risen to 21 according to Indonesia press. Citi lowers its nickel forecast for the first quarter of 2024, while the IMF is less bearish. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $7.30/lb

  Reports

  • Reuters metals morning - Copper ticks higher on weaker dollar, investor pause - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • December 2023 Fastener Distributor Index - 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 

   Citi Turns Neutral-To-Bearish On Nickel In Near-Term - REVISES DOWN 0-3 MTH PT PRICE NICKEL FORECAST TO $15.5K/T (FROM $18K/T) AND Q1 2024 AVERAGE PRICE FORECAST TO - more

  • IMF Sees Further Upside Room for Prices of Nickel, Cobalt, Lithium, Copper and Other Metals Necessary for Electric Vehicle Batteries, Echoing Forecasts by the IEA - more
  • Battery Metal Price Plunge Is Closing Mines and Stalling Deal - more
    Yusco carrying out stainless steel production line transformation - I-Shou Lin, the chairman of Yieh United Steel Corp. (Yusco) and the founder of E United Group, said that Yusco is now actively .... - more
  • US makes final AD determination on Taiwan’s stainless steel sheet and strip in coils - more
    10 World's Largest Nickel-Producing Countries; Indonesia Tops the List -  Nickel is a metallic element with a silvery-white, lustrous appearance. It is widely used in numerous industries but is most popular ... - more
    Iron ore price at one-week low on faltering demand, steel margins - Iron ore futures declined for a third consecutive session on Monday to hit their lowest level in a week, as some investors unwound long positions... - more

    Why nickel in your batteries? - Nickel can be found in many forms from nanowires to stainless steel alloys. But what are the properties of nickel that make it an essential element in batteries? - more

   Other News

  • AMT LME COTR analysis 9 Jan.24 - more
  • Outside sales are exempt employees if they meet the minimum "on the orad" requirement. Inside Sales are non exempt employees - more (we have covered this before but some refuse to accept) Here is another little known FLSA fact - "Non exempt employees must also be paid time and one-half their regular rates of pay for all hours worked over 40 per workweek, regardless of whether paid an hourly rate, salary, piece rate, commission or other basis. Each workweek stands alone and there can be no averaging of hours over two or more workweeks."

  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, January 9

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday's trading session at $7.38/lb ($16,260/tonne). Indicators at 5:20 am CST today show nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME licensed warehouses jumped on Monday and started today's session just over the 68,450 tonne level. Shanghai nickel rose to 125,750 y/t overnight. Industry news picked up and we have linked to it below. Stay safe out there and have a great Tuesday!
  • Average price of LME traded cash nickel so far this month - $7.30/lb

  Reports

  • Reuters metals morning - Copper rises as softer dollar lifts appeal - 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 - LME copper cash to three month discount hits highest since 1992 - The discount for the cash copper contract against the benchmark three-month contract on the London Metal .... - more

    Stainless steel melt shop production increased by 2.5% year–on–year to 42.6 million metric tons in the first 9 months of 2023 - The world stainless association has released figures for the first nine months of 2023 .... - more

    Nickel investments in Indonesia may slow on falling prices, geopolitical risk | 2024 preview - The pace of Chinese companies' heavy investments in Indonesian nickel may slow in the new year ... - more

    This billionaire used Indonesia’s nickel to squeeze out Australia - Indonesia’s ban on unrefined ore exports is loathed by competing producers and in breach of trade rules, but it is popular at home where... - more

    ISSDA: India’s stainless steel MSMEs impacted by dumping imports from China - Rajamani Krishnamurti, the president of the Indian Stainless Steel Development Association (ISSDA), said that nearly... - more

    Administrators suspend Savannah nickel operations, 140 redundancies - The administrators of Panoramic Resources has announced the suspension of operations at the Savannah nickel project, ... - more

    89 FR 902 - Stainless Steel Sheet and Strip in Coils From Taiwan: Final Results of Antidumping Duty Administrative Review and Final Determination - more

    Courtesy AISI - In the week ending on January 6, 2024, domestic raw steel production was 1,707,000 net tons while the capability utilization rate was 76.9 percent. Production was 1,680,000 net tons in the week ending January 6, 2023 while the capability utilization then was 75.2 percent. - more

    Mining firms in Homonhon Island pay P182.6-M excise tax - The national government has earned PHP182.6 million in excise tax in 2023 from the mining operations of two firms in Homonhon Island .... - more

    Leaks on the rise at China's mining waste dumps - China has seen a "marked increase" in environmental emergencies involving tailings ponds, according to the country's top environmental watchdog,..... - more

   Other News

  • U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy - more
  • The Biden Administration Unveils the Long-Waited Guidance on “Foreign Entity of Concern” - more
  • German fabricators bemoan doubling of grid fees - 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, January 8

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $7.42/lb ($16,350/tonne). Indicators at 6:00 am CST today show nickel trading around $.09/lb lower. Stockpiles of nickel stored n LME licensed warehouses rose on Friday and started this week just under the 64,900 tonne level. Shanghai nickel rose to 124,450 y/t overnight. All of the news stories we found were subscription based so we can't provide a link, but Panoramic Resources’ announced this morning that they were shutting down the Savannah nickel mine due to lower nickel prices. This will cost about 400 Australians their jobs and take some of the nickel surplus off the books. U.S. Congressional leaders, out of the spotlight and the constant need for media sound bites, were able to agree on a budget deal over the weekend that should allow the government to avoid a shutdown. Markets, including commodity, should react positively to the news, although they may wait to see how the House disruptor's will react. First full work week of 2024 for most, although weather concerns greet many workers. Stay safe out there and have a great Monday!
  • Average price of LME traded cash nickel so far this month - $7.32/lb

  Reports

  • Reuters metals morning - Copper dips on steady dollar ahead of US inflation data - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • M2 and Components - 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 

    EU's stainless steel growth expected to recover in H2 2024 - In 2023, the European stainless steel market was under a weak situation in the past ten years because low orders made the output significantly cut. - more

    Disruption Challenges Procurement Leaders to Steady Supply Chains - While chaos has become the norm, procurement professionals must find ways to ensure sourcing remains stable - more

    US to continue AD orders on stainless steel bar from India - The US Department of Commerce (DOC) has announced the final results of the sunset reviews of the antidumping duty (AD) orders on stainless ... - more

    EU import quotas for Chinese HDG, HRC and wire rod ‘other country’ quotas filled swiftly - Steel import quotas into the European Union for Chinese hot-dipped galvanized coil as well as quotas in the other... - more

    Electricity spot prices set to fall on Sunday - After record high prices on Friday, the spot price of electricity is coming back down to lower prices this weekend. - more

   Other News

  • Iron Ore Hits $145 A Ton In Surprise Trade War Aftershock - more
  • Maersk warns of major disruption as it diverts ships away from Red Sea - more
  • Red Sea attacks: Ocean shipping rates jump more than 50% in key lanes - more
  • 69% of Employees Said They Experienced Burnout in 2023 - more
  • Modeling recession forecasts - 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, January 5

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Thursday's trading session at $7.30/lb ($16,100/tonne). Indicators at 5:30 am CST today show nickel trading around $.03/lb  lower. Stockpiles of nickel stored in LME licensed warehouses rose slightly on Thursday and started today just over the 64,500 tonne level. Shanghai nickel fell to 123,540 y/t overnight. LME nickel has already traded below the $16,000 tonne level this morning, but is struggling to keep its head above that level at the moment. Here are your average prices for December 2023, compared to November. Nickel - $7.43/lb compared to $7.70/lb, Chrome - $5.04/lb compared to $5.00/lb, Molybdenum - $19.38/lb compared to $18.36/lb. Been a quiet week for nickel and stainless steel news, but with the year ending with an explosion that killed 19 workers at an Indonesia nickel plant, maybe a quiet week isn't a bad thing. Stay safe out there and have a great weekend. 
  • Average price of LME traded cash nickel so far this month - $7.38/lb

  Reports

  • Reuters metals morning - Copper edges up as supply headwind counters Fed rate cut 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 

    Thursday's market review - Aluminium slides on easing supply fears and revised rate expectations - Aluminium prices slumped on Thursday as raw material supply concerns eased and investor ... - more

    China decreases stainless imports & exports in Jan-Nov 2023 - According to statistics from the China Iron and Steel Association (CISA), China's stainless steel imports totaled around 133,000 tons  .... - more

    Colombia keeps AD orders on China’s stainless steel dishwashers - On December 20, 2023, the Colombian Ministry of Commerce, Industry and Tourism (MCIT) made its final determination of the first ... - more

    Indian government cancels privatization of Salem Steel Plant - The Indian government has scrapped the privatization process for Salem Steel Plant (SSP), a wholly-owned subsidiary of Steel Authority of India ... more

    Manufacturing ended the year in a lull, but optimism up for 2024: PMI - The manufacturing industry ended 2023 in contraction, as companies dealt with higher input prices and low demand. - more

   Other News

  • FedEx Express sees ‘significant headwind’ from reduced US Postal Service volume - more
  • UPS plans reduced sorting operations, layoffs at Louisville hub - more
  • Commercial Suez Canal Traffic Down Almost 60% Since Houthi Attacks Began - more
  • U.S.-Led Military Coalition Issues Final Warning to Houthis - more
  • Is Russia’s economy holding up well against Ukraine-war induced sanctions? China is watching and keen to know how - 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, January 4

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Wednesday's trading session at $7.45/lb ($16,420/tonne). Indicators at 5:50 am CST today show nickel trading around $.06/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose slightly on Wednesday and started today's trading session just under the 64,500 tonne level. Shaghai nickel fell to 125,400 y/t overnight. Still very quiet on the news front. Stay safe out there and have a great Thursday!
  • Average price of LME traded cash nickel so far this month - $7.44/lb

  Reports

  • Reuters metals morning - Most base metals fall on firmer dollar - more
  • Refinitiv Inside Commodities - pdf here
  • SMM Daily Comments - more
  • ING The Commodities Feed - daily here
  • U.S. Stainless Steel Scrap Prices  - more
  • Distributor's Link Magazine Winter 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 

     Nickel Price 2023 Year-End Review - Nickel trended down in 2023 as lower demand and higher supply created price pressure. Here's a look at the main trends that impacted the market over the course of the year. - more

    Metso to build ferrochrome plant for FACOR in India - Metso Corp. (Espoo, Finland) and Ferro Alloys Corp. Ltd. (FACOR), part of Vedanta, have agreed on the design and delivery of a ferrochrome plant ... - more

     AMT LME COTR analysis 3 Jan.24 - The most recent COTR data on LME speculative positions (for the week ending 29th December 2023) were released this afternoon. - more

    Divisional Court emphasises contractual context in dismissing judicial review challenge to London Metal Exchange - In R (Elliott Associates, Elliott International and Jane Street Global Trading) v The London Metal ... - more

   Other News

  • Missouri Bans Foreign Adversaries from Buying Land Near Military Bases - more
  • US overtakes China as South Korea’s top export market - 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, January 3

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Tuesday's trading session at $7.55/lb ($16,640/tonne). Indicators at 5:50 am CST today show nickel trading around $.10/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose slightly on Tuesday and ended the first trading session of 2024 just over the 64,400 tonne level. Shanghai nickel rose to 128,090 y/t overnight. On this day last year, Shanghai nickel read 229,420 and LME nickel read $31,005/tonne. For nickel miners, 2023 was brutal as the market saw a world surplus supply of nickel intensify after the rush to turn Indonesia into a world class supplier turned them into the world's largest supplier nearly overnight. Not a lot of news out there yet, as the world recovers from the holiday break. Stay safe out there and have a great hump day!
  • Average price of LME traded cash nickel so far this month - $7.53/lb

  Reports

  • Reuters metals morning - Copper eases under dollar pressure, soft demand - 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 under pressure from climbing dollar - Copper prices slipped on Monday due to a higher dollar, while losses were capped by improving factory activity data ... - more

    Northeastern Ontario nickel miners not threatened by flood of the metal from Indonesia - Low nickel prices partly attributed to a flood of the metal coming onto the market from Indonesia aren't deterring ... - more

    Courtesy AISI - In the week ending on December 30, 2023, domestic raw steel production was 1,680,000 net tons while the capability utilization rate was 73.1 percent. Production was 1,576,000 net tons in the week ending December 30, 2022 while the capability utilization then was 70.6 percent. - more

    IDDMIB: Turkey must revoke antidumping duty on stainless steel - Fikret Kaya, member of the supervisory board of the Istanbul Ferrous and Non-Ferrous Metals Exporters\u2019 Association (IDDMIB), ... - more.

   Other News

  • EV battery race: Has China won? - 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, January 2

LME nickel prices  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Friday's trading session at $7.54/lb ($16,615/tonne). Indicators at 6:00 am CST today show nickel trading around $.04/lb  higher. Stockpiles of nickel stored in LME licensed warehouse rose slightly on Wednesday and ended 2023 just over the 64,150 tonne level. This compared to starting 2023 at 55,380 tonnes. Cancelled warrants are running just below the 10% level. Shanghai nickel rose to 125,510 overnight. It's a new year with new goals and hopefully, a new plan or at least, some new ideas to meet those goals. Opening a new account can be as simple as losing weight. Neither is necessarily "simple" but to do either, you have to identify the need, make a plan, and stick to it. Each of us lose weight differently, each of us 'sell" differently. Failure can be followed by success with commitment and consistency. How will 2024 treat you? That is entirely up to you. Stay safe out there, and have a great day, week, month and year. And we and our 2024 sponsor, PAI, invite you to join us for the challenging year ahead.  
  • Average price of LME traded cash nickel so far this month - $7.43/lb (average Dec)

  Reports

  • Reuters metals morning - Copper edges higher on China data, stimulus hope - 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 

    Friday's market review - Copper dips, but heads for yearly rise on healthy Chinese demand - Copper prices dipped on Friday, pressured by a firmer dollar, but were on track to achieve a modest gain .... - more

    Walsin Lihwa raises 300 series stainless steel wire rod price for Jan 2024 - Walsin Lihwa, a stainless steel wire rod and cable manufacturer in Taiwan, raised the price of 300 series stainless steel wire rods ... - more

    Outokumpu Oyj : plans to temporarily restrict its ferrochrome production due to weak ferrochrome market conditions  - Due to weak ferrochrome market conditions, stainless steel producer Outokumpu plans ... - more

   Once-Hot Battery Metals Set to Slide, Leading China Group Warns - Battery-metals prices are set to retreat from highs this year as surging supplies trigger gluts, a leading Chinese industry group warned .... - more

    Indonesian President calls for thorough smelting firm audit post Morowali nickel plant blast - Following a tragic incident at the PT Indonesia Morowali Industrial Park (IMIP) smelter, President Joko Widodo .... - more

    Biden extends EU tariff exemption on steel and aluminum for 2 years - The Biden administration wants to continue negotiations on measures to address excess capacity and low-carbon production. - more

   Other News

  • Indonesia's Aneka Tambang sells shares of subsidiaries to world's biggest EV battery company - more
  • China's manufacturing faces third consecutive contraction in Dec, calls for policy support intensify - more
  • Maersk pauses sailings through Red Sea again after new attack - 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

  December 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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