This page is archived news covering the period of March 2017
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LME nickel prices and news

Stainless Steel News and Nickel Prices

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Daily Nickel Market News & Stainless Steel Prices

Nickel Prices and Stainless Steel Bolts

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Thursday, March 30

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.52/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 378,400 tonne level. LME nickel continues to trade around the $10,000/tonne level. Except for a drop earlier this week, LME cash nickel has traded in the 10,000 to 10,250 tonne range since the second week of this month. If we see another drop in stockpiles today like we have the last three, we could actually end the month at a lower number than we started. The BDI is suddenly back in the news, after rising 30% in the past few weeks. This is a gauge that trades use to follow closely, but you rarely hear it being used as a gauge of international trade anymore. Reuters reported cash nickel fell to a $67 discount yesterday, its lowest discount since January 2015. This is our final update for the week, so have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.66/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper eases on stronger dollar; economic cues eyed - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 'Hard to believe' Barrick didn't order police operation at PNG gold mine - more
  • How Putin’s Pursuit of Stalin’s Arctic Dream Lost Global Appeal - more
  • CEO of steelmaker Posco forges ahead into second term - more
  • Why investors are paying attention to the Baltic Dry Index again - more
  • Euro Drops, Bonds Gain on Dovish ECB; Dollar Rises: Markets Wrap - more

     Antam gets initial clearance for Indonesia nickel ore exports -Official - Indonesia's state-owned miner Aneka Tambang (Antam) has been granted an initial approval to export up to 2.7 million tonnes of nickel ore over the next 12 months, a mining ministry official said on Wednesday. - more

     Environmental push against mines spurs turmoil in Philippines - A harsh environmental crackdown on Philippine mines has not only put pressure on companies and workers in one of the country's most important industries, but also sown seeds of discord within the government itself. - more

     Norilsk Nickel opens new Murmansk terminal, says it will boost Arctic shipments - Distinguished guests assembled on the Murmansk waterfront this week as mining and metallurgy giant Norilsk Nickel opened its new and modernised terminal facility. - more

     LME hit by regulatory delays to proposal to slash margins - Regulatory delays to a proposal to slash initial clearing margins by the London Metal Exchange (LME) has dealt another blow to the exchange’s ability to fend off competition from US rival CME Group, whose margins are sharply lower. - more

     Service Center Shipments Decline in February - Service center shipments of steel and aluminum in both the United States and Canada fell back in February from January, but remain ahead of the 2016 pace in the U.S., reports the Metals Service Center Institute, Rolling Meadows, Ill.  - more

     Vale to mothball century-old Ontario nickel mine - Living past 100 is no mean feat for any mine, but for the Stobie operation in Sudbury, Ontario, the end finally came on Friday. - more

     Nickel Mine developer Horizonte Minerals kicks of feasibility study drilling programme - Horizonte Minerals Plc has begun drilling work on its Araguaia nickel project in northern Brazil that will contribute to the compilation of a feasibility study. - more

     Former Queensland Nickel workers waiting for answers as Clive Mensink still missing from court - Former Queensland Nickel workers are hoping it is not too late to get answers about the management of the Yabulu refinery after a second warrant was issued for the arrest of Clive Mensink - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, March 29

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.53/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and now total just over the 379,850 tonne level. Warehouse totals remain above where we started the month of March at - and also the year at. Next week we resume the Philippine confirmation process of Gina Lopez for Environmental Minister. If anyone runs into Clive Mensink at your local pub today, tell him the Australian government wants to talk to him. He is believed to be in the Netherlands and apparently, they want him bad enough to extradite. World stainless production increased by 10.2% year on year, according to the ISSF today. The Insurance Council of Australia has declared Typhoon Debbie a catastrophic storm, but its not been reported if the damage there will affect nickel shipments from that country. Only one death has been reported from the storm so far.
  • Average price of cash nickel so far this month - $4.66/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper hits highest in more than a week, demand hopes underpin - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Pound Slips on Brexit Day; European Stocks Drift: Markets Wrap - more

     Stainless steel production for 2016 was 45.8 million metric tons -  The International Stainless Steel Forum (ISSF) has released figures for the full year 2016 showing that stainless steel melt shop production increased by 10.2% year–on–year to 45.8 million metric tons. - more

     (Press Release) For the month of April 2017, North American Stainless will reduce the fuel surcharge to 19% for stainless flat and long products. The surcharge rate is considered a maximum level for April and will be reviewed monthly. - more

     Global Steel Price Recovery Expected To Falter Soon - The global steel market is, currently, unrecognisable from that prevailing at the start of 2016, according to MEPS International. - more

     Vale Indonesia to build $2 billion ferronickel smelter in Southeast Sulawesi - Publicly listed nickel mine operator PT Vale Indonesia plans to build a US$2 billion ferronickel smelter in Pomalaa, Southeast Sulawesi. - more

     4 Lawsuits Now Seek to Block PolyMet Mine Land Exchange - Environmental groups have now filed four lawsuits seeking to prevent the U.S. Forest Service from swapping land for the planned PolyMet copper-nickel mine in northeastern Minnesota. - more

     No-show nephew gets Palmer new court date - Clive Palmer has been told to return to Federal Court to help locate his elusive, globe-trotting nephew Clive Mensink after a second arrest warrant was issued for the Queensland Nickel director. - more

     worldsteel's 4th Steel Safety Day - The World Steel Association (worldsteel) holds its 4th Steel Safety Day on Friday, 28 April 2017. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  / Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, March 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.43/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just under the 381,200 tonne level. Technical support is now at $4.25/lb, but nickel has yet to give up on the $4.38/lb support level we reported last week. Quiet news day.
  • Average price of cash nickel so far this month - $4.68/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper steadies above two-week low as jitters fade - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Top trading houses at commodities conference - more
  • El Niño WATCH remains - more
  • China steel, iron ore sink to Feb lows as spec sell-off continues - more
  • China - Earliest March data is showing improved economy - more
  • Intense tropical cyclone Debbie struck Australia at about 18:00 GMT on 27 March - more
  • Stocks, Crude Advance as Calm Returns; Rand Slumps: Markets Wrap - more

     [Korea's Steel Statistics] Results of Demand & Supply for FA in December 2016 = Production volume is 26,087 tons, up by 0.4% from prior month = The production volume of ferroalloys in December 2016 compiled by Korea Iron and Steel Association (KOSA) was 26,087 tons, slightly up by 0.4% from 25,984 tons in the prior month, but grossly down by 25.7% from the year-earlier month. - more

     Lawsuit filed against PolyMet land exchange - Three environmental groups filed suit in federal court Monday to overturn the U.S. Forest Service decision to trade land to PolyMet Mining Inc. for the land where the company wants to dig Minnesota's first-ever copper mine. - more

     Indonesian nickel smelter Indoferro targets $60 mln IPO - Indonesian nickel smelter Indoferro, owned by Growth Steel Group, aims to raise up to $60 million in an initial public offering (IPO) in the third quarter of this year, business development director Jonatan Handojo told Reuters. - more

     Courtesy AISI - In the week ending on March 25, 2017, domestic raw steel production was 1,725,000 net tons while the capability utilization rate was 72.8 percent. Production was 1,685,000 net tons in the week ending March 25, 2016 while the capability utilization then was 72.1 percent. The current week production represents a 2.4 percent increase from the same period in the previous year. Production for the week ending March 25, 2017 is down 1.3 percent from the previous week ending March 18, 2017 when production was 1,747,000 net tons and the rate of capability utilization was 73.7 percent. - source

     Courtesy AIIS - Steel imports dipped 3.1 percent in February, giving back an equivalent gain in January to total 2.68 million net tons. Imports were 21.3 percent higher than they were in February 2016. - more

     Palmer back in court over nephew's no-show - A second arrest warrant for Clive Palmer's globetrotting nephew Clive Mensink will be sought in an effort to extradite and bring him to court for questioning over the failure of Queensland Nickel. - more

  • Why hasn't Julie Bishop been sicced on to the hunt for Clive Mensink? - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, March 27

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.48/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.08/lb lower. Stockpiles of nickel store in LME approved warehouses rose over teh prior two days and starts the week just over the 382,150 tonne level. Market attitude remains negative and it is hard to find a commodity that is trading higher this market, as the world questions whether the Trump administration will be able to deliver on campaign promises that have helped bolster the market since the November election. In reality the inability of Congress to produce on the repeal of the Affordable Care Act proves that a three party system, Republicans, Democrats and the House Freedom Caucus, has made Washington DC an ineffective unit for many years. It also has shown the new administration that it will be forced to work with Democrats in the future, or it risks another embarrassing defeat. In our opinion, this should have been easy for the Trump administration to pass - and the wakeup call it's defeat sent - could be good for cooperation in the future. Australia has issued a warrant for the arrest of the nephew of that country's mining billionaire Clive Palmer, while in the French Alps over the weekend, Russia's mining billionaire was robbed. Not sure about you, but we are shedding all sorts of alligator tears for these poor guys.
  • Average price of cash nickel so far this month - $4.69/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper wobbles in wake of Trump healthcare setback - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Dollar, Equities Drop on Doubts Trump Can Deliver: Markets Wrap - more

      Philippines allows suspended miners to ship out nickel ore after clampdown - The Philippines' environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world's top exporter of the raw metal after a major crackdown. - more

  • DENR allows mines to ship out nickel ore  - more
  • Would banning mining jeopardize our quality of life? - more

     Finnish media watchdog accuses PM of pressuring state broadcaster - Finland's media watchdog accused the prime minister on Thursday of putting pressure on state broadcaster YLE by sending it a series of angry e-mails and texts over a story about the awarding of a state engineering contract. - more

      Canada’s Mining Market may get a Boost due to Closures of Nickel Mines in the Philippines - The Philippine government recently issued an order to close 23 mines that contribute to 10% of the world’s supply of nickel, due to the strain they place on the natural environment. - more

     Beijing should let foreign firms list, says Kazakhstan metals firm seeking Chinese ‘New Silk Road’ money - Kazakhstan government-backed Eurasian Resources Group, which is seeking Chinese finance for four metals projects involving total investment of US$6 billion, has called on Beijing to open up China’s stock markets for foreign firms to raise funds. - more

     Nkomati: BCL’s curate egg - The BCL Mine has been closed for six months now, with little hope that the 4,500 direct jobs lost can be recovered. - more

     Warrant issued for Clive Palmer's nephew over Queensland Nickel court no-show - Judge orders police to arrest Clive Mensink and bring him before the court to answer questions about the firm’s collapse - more

     New Caledonia needs a sovereign wealth fund-French govt advisors - A French government appointed panel of experts recommended the creation of a sovereign wealth fund in New Caledonia to help diversify an economy heavily reliant on nickel. - more

     Shoddy utensils ‘threaten health’ - Several batches of stainless steel products sold at local supermarkets were found to be substandard, the city’s quality watchdog warned at the weekend. - more

     India may impose anti-circumvention duty on some steel items - The government has resumed investigations into circumvention of anti-dumping duties after a stay order was vacated recently by court. The products originate from China, Korea, EU, South Africa, Taiwan, Thailand and the US. - more

     Russian billionaire robbed of fur coats in French Alps - At least two burglars made off with fur coats worth around €100,000 ($108,000) from Russian billionaire Mikhail Prokhorov's chalet in the French Alps last weekend, prosecutors said Friday. - more

     65 Things You Might Not Know About Steel - While many of us associate the introduction of steel into economics with the start of the First Industrial Revolution, steel has actually been around for a VERY long time. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, March 23

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.55/lb lower. Indicators at 6:30 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Wednesday and now total just under the 382,200 tonne level. Nickel support has fallen to $4.38/lb and traders bearish mood continues. LME traded nickel fell below the $10,000/tonne level for a time yesterday and continues trading there today. Stainless steel surcharge costs for April rose (see here), thanks primarily by high costs the last week of February. The average cost of nickel is lower than this time last month. It's been a quiet week, with the Philippine Lopez story in limbo, as well as the Australian Palmer/Mensink soap opera. The official price of cash nickel has fallen over $1000/tonne so far this month and for now, the bull is asleep. Have a relaxing and restful weekend.
  • Average price of cash nickel so far this month - $4.71/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper edges up; zinc disruptions climb - more

  Reports

  • ATI April Stainless Surcharges - more
  • AK Steel April Stainless Surcharges - pdf here
  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Global Stock Selloff Eases as Yen Extends Rally: Markets Wrap - more

     February 2017 crude steel production - World crude steel production for the 67 countries reporting to the World Steel Association (worldsteel) was 126.6 million tonnes (Mt) in February 2017, a 4.1% increase compared to February 2016. It should be noted that there were 29 days in February 2016. - more

     Top Nickel Reserves by Country - Which countries have the highest nickel reserves in the world? Australia, Brazil, Russia, New Caledonia and Cuba are at the top of the list. - more

     Market Trend of Import of Ferroalloy as of 15 March 2017 = Price turns upward in China, which also affects overseas markets = The market trend of import of ferroalloy as of 15 March 2017 is as follows. - more

     SEASI: Steel demand registered double-digit growth in 2016 - Vietnam registered the highest steel consumption growth rate among ASEAN region countries during 2016. - more

     Are the odds stacked against Gina Lopez in the CA? - 'We respect her passion, we even admire her for that, but being a secretary, passion is not enough,' says Commission on Appointments member Josephine Ramirez-Sato - more

  • DENR’s Lopez the first exec to address mining woes in PHL—IDIS - more
  • DENR not focused solely on mining - more

     Antam aims to export 6 million tons of low-grade nickel - State-owned diversified miner PT Aneka Tambang (Antam) expects to export 6 million tons of low-grade nickel a year after submitting a proposal to the Energy and Mineral Resources Ministry to obtain the necessary export permit. - more

     Does Norilsk Nickel deserve to be Russia’s environmental gold standard? - Norilsk Nickel, the giant Northern Siberian nickel producer and historically one of the country’s biggest polluters, won a prestigious environmental nod from the Russian Union of Industrialists and Entrepreneurs for closing down one of its most infamously befouling facilities - more

     Canadian miner teams up with private equity firm to buy nickel assets - Canadian miner Royal Nickel Corp is teaming up with private equity firm Waterton Global Resource Management to buy, develop and operate undervalued nickel assets, the companies said on Wednesday. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, March 22

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.61/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.07/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just over the 381,700 tonne level. Nickel is getting whacked this morning and is danger of getting caught up in an overall souring of speculation in the market. Nickel fell over 1% in a few short minutes early in London trading today, and has yet to show any signs of recovery. Reuters is blaming the sudden market souring on a lack of faith in whether President Trump can get the tax cuts thru Congress that he promised. We do not disagree, but feel it goes much deeper than that. In our opinion, the market had an 'oh crap' day yesterday, as markets, as well as the general public, tried to come to grips with the prior days FBI's revelation that it wasn't the Clinton campaign that was under FBI investigation on election day, but instead the Trump campaign. Never mind all the crazy stuff that has come out of the mouths and tweet's of this administration, the thought of a potential impeachment has suddenly gone from a liberal fantasy, to a remote possibility. Markets hate the unknown and FBI Director Comey threw a curve ball at the market on Monday.
  • Average price of cash nickel so far this month - $4.73/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - LME copper hits near two-week low on Trump policy doubts - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Stocks Retreat, Havens Gain as Trump Trade Wobbles: Markets Wrap - more

     Nickel Price Steady With Lack of Fresh Drivers - Nickel prices were stable on Tuesday, trading at essentially the same level as Monday with no new fundamentals to drive the commodity in either direction. - more

     European stainless steel surcharges resume upward trend in April - Monthly alloy surcharges on austenitic grades of stainless steel flat-rolled products in Europe are set to rise again in April, first mill announcements indicated Tuesday. - more

     U.S. Stainless Steel Sheet and Strip and Carbon and Alloy Steel Cut-To-Length Plate Manufacturers Granted Relief from Unfair Imports from China - On March 3, 2017, the U.S. International Trade Commission (“ITC”) issued two affirmative determinations in favor of clients represented by Kelley Drye & Warren. - more

     Cassini Resources see increased project value in rising cobalt prices - Cassini will update its 2015 scoping study using a 95% higher cobalt price. - more

     Japanese Mills to Raise Prices Slightly in Negotiations on HR Coils for Asia = For May shipment = The Japanese blast furnace mills are expected to commence negotiations on hot-rolled (HR) steel coils for Asia as early as next week for May shipment. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, March 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.61/lb . Indicators at 5:15 am CST today show 3 month nickel trading around $.01/lb . Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just over the 381,900 tonne level. Slow news day with nickel retreating yesterday on a metals researchers advise to stop worrying about Philippine mining turmoil.
  • Average price of cash nickel so far this month - $4.74/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper hits 1-week low as talks resume over Chile strike - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Emerging-Market Shares Extend Gains, Euro Jumps: Markets Wrap - more

     High Q1 ferrochrome price settled at lower Q2 level – Merafe - The European benchmark ferrochrome price has been settled at US$1.54/lb for the second quarter (Q2) of 2017, a decrease of 6.7% on the high-flying US$165/lb first quarter (Q1) price, Merafe Resources announced on Wednesday. - more

     EU member states approve authorisation for uses of chromates - EU member states have agreed to grant four companies authorisation for uses of certain chromates listed as substances of very high concern (SVHC) under REACH Annex XIV. - more

     Chrome exports up 320% - Chrome exports more than trebled to $42 million in February, up from $10 million in the same period last year on the back of increased output, a government official has said. - more

     Courtesy AISI - In the week ending on March 18, 2017, domestic raw steel production was 1,747,000 net tons while the capability utilization rate was 73.7 percent. Production was 1,685,000 net tons in the week ending March 18, 2016 while the capability utilization then was 72.1 percent. The current week production represents a 3.7 percent increase from the same period in the previous year. Production for the week ending March 18, 2017 is down 2.5 percent from the previous week ending March 11, 2017 when production was 1,791,000 net tons and the rate of capability utilization was 75.6 percent. - source

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, March 20

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.65/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel fell both Thursday and Friday and now total just over the 386,800 tonne level. Stockpiles are still running about 5000 tonnes above where they started the month, and last weeks 386,400 tonne reading was this years highest reported total. Clyde Russell is an Asia Commodities columnist for Reuters and in a column this morning, he is telling nickel traders to stop worrying about the Philippines, no matter what they decide. Damstahl's March stainless steel report is posted below and in our opinion, one of the best free monthly reports out there. We expect a quieter week, with initial support at $4.55/lb and resistance at $4.75/lb.
  • Average price of cash nickel so far this month - $4.75/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - Copper eases in thin trade, traders eye fresh China property curbs - more

  Reports

  • Damstahl Stainless Steel Report - March 2017 - pdf here
  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • LME Cobalt Price Again Rises and Marks New Record High - more
  • Oil Weighs on Europe Stocks as Dollar Pares Drop: Markets Wrap - more

     Nickel Markets Can Shrug Off Any Philippine Mining Ban: Russell - Just how worried should nickel markets be about the latest threats by Philippine President Rodrigo Duterte to stop all mining in the world's biggest exporter of the metal ore? Probably not too much. - more

     Suspended Philippine Nickel Miner Plans to Restart in Policy Test - A Philippine nickel ore producer plans to reopen two mines suspended for environmental violations while it awaits the outcome of an appeal, in a test of rules around the government's crackdown on the industry. - more

  • Mining woes fail to dampen DMCI outlook - more

     Australian mining firms closely watching after Tanzania imposes an export ban - A surprise export ban imposed on gold and copper concentrate by Tanzania's President has forced several Australian mining firms to seek urgent assurances about the future of their operations in the African nation. - more

     Ferrochrome prices to cool off in the near term: Subhrakant Panda - Speaking to CNBC-TV18, Subhrakant Panda said that the fundamentals driving ferrochrome prices remain unchanged. - more

     Top Indonesia nickel miner seeks to export six million tonnes of ore - PT Aneka Tambang, one of Indonesia’s biggest nickel producers, is seeking government approval to export six million metric tonnes of low-grade ore, two months after the nation relaxed its ban on shipments. - more

  • Two German firms keen to invest in nickel processing, gas sectors: BKPM - more

     One in five mining jobs disappear - For every five people directly employed in the minerals industry last year, one lost a job, according to data made available yesterday in the National Assembly. - more

     Copper-nickel focus of Forest Service public hearing - With the federal government weighing a 20-year moratorium on mining activity in the Superior National Forest, Minnesotans took to the microphone for their side of the issue, essentially turning Thursday’s U.S. Forest Service hearing into copper-nickel’s most public trial. - more

  • Copper-nickel goes on trial  - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, March 16

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.63/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 384,900 tonne level. The US Fed raised interest rates by 1/4 of 1%, as expected, and base metals are getting a small boost today from the lower US Dollar. Nickel is still trading below all of its moving averages, and we show its first line of resistance is now slipped to just over $4.70/lb. Until we find out if Gina Lopez will be confirmed as the Philippines Environmental Director, it may take some major news elsewhere to move the market with any definition. Have a safe and relaxing weekend!
  • Average price of cash nickel so far this month - $4.77/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper hits over 1-wk top as dollar drops in wake of Fed - more

  Reports

  • Reuters Daily Inside Metals -
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Dovish Fed, Dutch Vote Spur Stocks as Oil Advances: Markets Wrap - more

     Nornickel earnings fall in 2016 - Revenue downfall 3 percent, but net profit rose 47 percent to staggering $2,5 billion. - more

     Top Indonesia Nickel Miner Seeks to Export 6 Mln Tons of Ore - PT Aneka Tambang, one of Indonesia’s biggest nickel producers, is seeking government approval to export 6 million metric tons of low-grade ore, two months after the nation relaxed its ban on shipments. - more

     China's Jan-Feb metals output rise on year -stats bureau - China's base metals output rose quickly in the first two months of this year, government data showed on Thursday, as the country's smelters ramped up production driven by rising prices. - more

     New BCL legal move a ‘tactic’ Russians say - A move by BCL Ltd’s provisional liquidator to nullify South African approval of a $271.3 million equity deal between the local group and South Africa’s Nkomati Mine, is a purely “tactical move”, says Russian base metal giant, Norilsk Nickel. - more

     Michigan nickel mine embarks on tunnel project - Michigan's first new mine in decades has begun a multi-year tunneling project to reach a second ore deposit. - more

      Twin Metals public hearing could be big, but Trump might make it moot - Hundreds of people concerned about the proposed Twin Metals copper mine near Ely, both for and against, are expected to gather tonight at the Duluth Entertainment Convention Center for a public hearing that some expect may not matter after all. - more

  • Mining in Minnesota’s Boundary Waters under review - more
  • Appraisal raises questions on land exchange - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, March 15

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.64/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel store din LME approved warehouses rose on Tuesday and now total approximately 386,400 tonnes. The US Fed is meeting and is expected to announce a rate increase this afternoon. A small increase has been priced into the market. A large increase could be taken either way by the market, while a decision not to increase could be seen as a lack of faith in the economy by the Fed. Nickel traders will have to wait until at least early May for any decision from the Philippines on the fate of Gina Lopez. Her next round of confirmation hearings are scheduled for May 3rd.   
  • Average price of cash nickel so far this month - $4.79/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper marks time ahead of Fed meet outcome - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • How to Choose the Right Anti-Seize Lubricants - more
  • Jindal Stainless might complete de-merger by March end - more
  • Europe Stocks, Oil Rise as Bonds Steady Before Fed: Markets Wrap - more

     Timeline: Green crusader Gina Lopez wages war vs 'destructive' mining - It's been a rocky start for Environment Secretary-designate Gina Lopez as she tries to make a difference in the mining sector. - more (see below for links showing ties Gina has with the owners of this news agency)

  • Philippines’ Duterte wants mining ban, links miners to destabilization plot - more
  • Philippine lawmakers postpone vote on embattled resources minister - more
  • No mine has closed shop –MGB exec - more

     China Nickel Ore Port Inventory Keeps Falling, with Tight Supply to Support Price, SMM Reports - The decline in nickel ore inventories at seven major Chinese ports expanded again last week, Shanghai Metals Market reported. - more

     Upper Peninsula mine seeks MDEQ permit to expand operations - A large Toronto-based mining company has started expanding one of its projects near Marquette. - more

     Indian DRI plants face iron-ore shortage – Indian sponge iron, or direct reduced iron (DRI), manufacturers are facing an acute shortage of iron-ore despite the government liberalising norms for the allocation of iron-ore blocks and with the country poised to achieve a five-year high in the production of the raw material. - more

     For research on the nominee for Secretary of the Philippines' Department of Environment and Natural Resources, please see the following Wikipedia sites. Regina Lopez (w), who goes by Gina, is a member of the influential Lopez family(w), who own the Lopez Group of Companies(w). While the country's Chamber of Mines is confident she will not be confirmed (see article here), we are not convinced. Based on nickel's price drop last week, traders are betting she won't as well.

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, March 14

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.61/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Monday and now total just over the 384,500 tonne level. According to Reuters, nickel's plunge of nearly 10% last week was its worst week since September 2011, while yesterday's gain was its best one day jump in a month. We haven't verified these statements, but it does reflect the volatility in nickel trading this month, and thus the headache stainless steel producers are having in deciding when to buy the mineral. Cancelled warrants came in under the 27% mark yesterday, showing there are less buyers. The Philippine drama will now unfold in May as the Commission on Appointments hearings to confirm Lopez as the Secretary of the Philippines' Department of Environment and Natural Resources have been delayed until then.
  • Average price of cash nickel so far this month - $4.81/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper steady as China factory growth picks up - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (Reuters) AK Steel - members of USW Local 169 have ratified four year labor agreement covering about 300 hourly production and maintenance employees at Mansfield Works
  • Current state of the Pacific and Indian oceans - more
  • Goldman Calls for Patience to See Commodity Gains After Rout - more
  • China property sales surge despite gov't efforts to cool market - more
  • Stocks Drop Before Fed as Pound Slumps on Brexit: Markets Wrap - more

     Indonesia, Philippines Vie For Dominance In Nickel, And Confuse Traders - Nickel is now in play for investors trading on the political dynamics in the Philippines and Indonesia. - more

     India Nickel Scrap prices fall tracking weakness from Nickel Futures - India's major nickel scrap prices fell on the Scrap Register Price Index as on Friday, while nickel futures prices at India's Multi Commodity Exchange settled slightly down. - more

     Courtesy AISI - In the week ending on March 11, 2017, domestic raw steel production was 1,791,000 net tons while the capability utilization rate was 75.6 percent. Production was 1,685,000 net tons in the week ending March 11, 2016 while the capability utilization then was 72.1 percent. The current week production represents a 6.3 percent increase from the same period in the previous year. Production for the week ending March 11, 2017 is up 1.8 percent from the previous week ending March 4, 2017 when production was 1,760,000 net tons and the rate of capability utilization was 74.3 percent. - more

     US Ferrous scrap exports off to a slow start in 2017 - The latest statistics released by the US International Trade Commission (ITC) shows modest decline in ferrous scrap exports by the country during the first month of the current year. Also, the data published by the US Department of Commerce (DOC) indicates that nickel scrap exports by the country too declined during the month. - more

     ArcelorMittal, Italian Marcegaglia Submit Offer for Ilva = Both companies commit the revitalization and continuous operational expansion of Ilva = ArcelorMittal and Marcegaglia of an Italian steelmaker have submitted on 6th an offer for Ilva of an integrated steelmaker having been under the control of the Italian Government with the contents of (i) investment commitments of over 2.3 billion Euro ($2,450 million at $1=0.94 Euro) - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, March 13

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.49/lb  . Indicators at 6:30 am CST today show 3 month nickel trading around $.08/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and Friday and start the week just over the 383,900 tonne level. The bearish mood continued on Friday with nickel falling below the psychologically important $4.50/lb level. Opening higher today, traders have done little since, apparently waiting for someone else to make a move. For those betting that Gina Lopez may not be confirmed in the Philippines, President Duterte has again made it clear where he stands, making his own threats against the industry. For those American viewers of 'Madam Secretary' last night, only in the fictional world of Hollywood, can Duterte be silenced. Then again, we are sure the standard disclaimer that the actors were not portraying any actual person, living or deceased, really was true. Nickel's inability to hold the $5/lb level and its fall below all the moving averages, really sends the market a bearish signal for the second quarter of the year, typically one of its strongest. And the volatility is starting to give stainless steel producers and users headaches as they try to plan for the near future.
  • Average price of cash nickel so far this month - $4.84/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper rises the most in 3 weeks on dollar, Peru strike - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • S&P Global Platts China Steel Sentiment Rebounds in March - more
  • Packed Calendar Has Investors in Holding Pattern: Markets Wrap - more

     Philippines' Duterte links miners to destabilization plot, wants mining ban - Philippine President Rodrigo Duterte on Monday accused some miners of funding efforts to destabilise his government as he talked about a possible plan to impose a ban on mining given the environmental damage producers have caused. - more

  • Chamber of Mines plans to file conflict of interest complaint vs. Gina Lopez - more
  • Gina, 3 others bypassed by CA - more

     China buoys stainless production totals in 2016 - Global: Interim figures released by the International Stainless Steel Forum (ISSF) indicate that global stainless and heat-resisting melt shop production surged 10.2% last year to 44.9 million tonnes. - more

     Electric vehicles won't depose stainless in nickel demand dynamics - Investors hoping for explosive nickel demand growth, in tandem with the electric vehicle revolution, could well be disappointed as any increase is seen as unlikely to change a market dominated by stainless steel producers. - more

     Stainless scrap makes gains amid hectic nickel market - Global: Stainless steel scrap prices have made further strong progress since late January, with the 304 grade advancing from US$ 1240-1290 to US$ 1290-1340 per tonne and the 316 quality from US$ 1560-1610 to US$ 1630-1680. - more

     Update: Vale shutters Sudbury mine - News that Vale is putting Stobie Mine on care and maintenance is “devastating” for 230 of its unionized workers, but it’s still too early in the process to determine what the impact of a shutdown will really mean, said Rick Bertrand, president of United Steelworkers Local 6500. - more

     Tunnel to second ore deposit underway at Michigan nickel mine - Eagle Mine, Michigan's first new mine in decades, has embarked on a multi-year tunneling project intent on reaching a second ore body under state forest land that could extend the mine's lifespan into 2023. - more

  • Federal officials arbitrarily nixed important Iron Range projects - more

     Mine closures hit exports - Recent closures of copper and nickel mining companies have hit hard the country’s exports, Statistics Botswana (SB) has announced in its international merchandise trade statistics’ monthly digest for December 2016. - more

     Zimbabwe: VP Mphoko Intervenes in Power Dispute - Government is set to repay a German investor in the ferro-chrome smelting sector the money he used to set up a high-voltage power-line and a sub-station to his mine near Selous, which is also benefiting other investors. - more

     Container Shipping and Asia's Changing Economies - The viability of the international container ship transportation industry depends on vibrant trade between distant nations, and that trade depends on cost-competitive manufacturing industries in the exporting nations, mainly China. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, March 9

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.63/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel took  a break from two day so huge gains and fell to just over the 385,800 tonne level. Nickel is dropping hard, with the $5/lb line of resistance once again holding. The price fell below the first line of support yesterday at $4.66/lb and the next line would be around $4.25/lb. Everyone is trying to explain what is happening but nickel has fallen over 8% in the last few days as speculators bail in a commodities market that has turned bearish as a whole. Below Citi makes the case that the correlation between the traded price of the US Dollar and the traded price of commodities no longer exists. The case was made a few years back that the correlation between supply and demand and overall fundamentals no loner exists as well. And without an article from Australia for our daily dose of Palmer drama, we leave with you some news that ws only a matter of time before it came to fruition - the Trump's name is somehow being tied to a nickel miner. Oh well - what is life without a little drama? Have a safe and relaxing weekend!
  • Average price of cash nickel so far this month - $4.92/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - Copper hits two-month low as Fed rate talk hurts metals - more

  Reports

  • U.S. Exports of Stainless Steel Mill Products - more
  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Dollar Extends Gain, Euro Climbs Before ECB Meets: Markets Wrap - more

     Nickel price is plummeting - Nickel fell to a 13-year low of $7,725 a tonne ($3.50 a pound) in February last year; then rallied to more than $11,700 by mid-November only to end the year barely above $10,000. - more

     Stainless scrap makes gains amid hectic nickel market - Global: Stainless steel scrap prices have made further strong progress since late January, with the 304 grade advancing from US$ 1240-1290 to US$ 1290-1340 per tonne and the 316 quality from US$ 1560-1610 to US$ 1630-1680. - more

     Strong outlook for recovering ferrochrome industry – Merafe - Ferrochrome and chrome ore prices recovered from rock bottom in the first quarter of last year to levels twice and four times higher respectively in 2017, a year in which a shortage of electricity supply has ceased to be a constraining factor, ferrochrome company Merafe reports. - more

     The correlation between USD and commodities is now gone: Citi - It's a given in the market that there's an inverse relationship between dollar strength and the price of commodities, but Citi Research argues that correlation is now gone. - more

     Ivanka Trump, Husband Rent House From Foreign Mogul Suing US - President Donald Trump's daughter and son-in-law are renting a house from a foreign billionaire who is fighting the U.S. government over a proposed mine in Minnesota. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, March 8

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.83/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.06/lb lower. Stockpiles of nickel stored in LME approved warehouses should be what everyone is talking about today. Monday's 3,816 tonne increase was a staggering one day gain, but it pales to yesterday's 5000+ tonne increase. Stockpiles now total just over the 386,100 tonne level and more nickel than we have seen recorded since June 2016. Most of the media is giving the news that Philippine DENR Secretary Gina Lopez has asked that a second review of mines in that country be suspended for legal reasons as the reason for yesterday's big drop in the traded price of nickel. Maybe so, but we figure this is mostly a way to calm some nerves until she is actually confirmed into her post. Her feelings towards mining has been, and was very apparent yesterday, when she told one of the Commissioners that her brother, a nickel miner, had 'killed a mountain'. The Philippines became a mining 'boom town' when China discovered a way of processing low content nickel ore. And those making money in a boom town environment have a nasty habit of running rough shod over the locals and laws, and leaving a huge mess behind when the boom times end. How things will play out in the Philippines is up to the Philippine people. But it may be time for politicians and miners start trying to find a compromise and not just use that word for the media. In the mean time, where in the world is all this nickel coming from??
  • Average price of cash nickel so far this month - $4.95/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper rises on China trade despite drop in refined metal imports - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Glencore Is on to a Winner With This Obscure Metal - more
  • Treasuries On Worst Run Since 2012 as Pound Drops: Markets Wrap - more
  • China posts rare trade deficit as Feb imports surge 44.7 pct in yuan terms - more

     Lopez to CA member: Tell your brother he killed a mountain - Environment Secretary Gina Lopez did not mince words during her confirmation hearing at the Commission on Appointments (CA) on Wednesday, March 8. - more

  • Pro-Lopez group decries new CA ‘secret voting’ rules - more
  • Lopez confirmation reset to May 3 - more
  • (History) Writ of Kalikasan filed vs mining firms, Zambales, DENR officials - more

      Negotiations on CR Stainless Sheets for Asia Open But Doing Virtually None = For shipments of the next quarter = The Japanese mills are likely to have ended negotiations on cold-rolled (CR) austenitic stainless steel sheets for Asia by the end of February for shipments of the next quarter (April-June). - more

     US Commerce finds dumping, countervailable subsidies of imports of Chinese SS Sheet and Strip - The Department of Commerce (Commerce) announced its affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of stainless steel sheet and strip from the People’s Republic of China (China). - more

     Norilsk Nickel intends to make life for industrial cities in Russia easier - The Murmansk region on March 4 hosted a forum of social technologies, which was a platform to share ideas on how to make life in mono-industrial cities more comfortable and interesting. - more

     LME Ni Average Price in February Up by 6% from Prior Month = Trend is upward owing to regulation on operation of mines in Philippines = LME monthly average nickel price in February 2017 was Cash seller: US$10,619.50 per ton (US$4.817 per lb) and 3-month seller: US$10,674.25 per ton (US$4.842 per lb). - more

     New bouts of price volatility could halt upswing in commodity financing - A recent sharp uptick in public market equity financing should continue funding mining projects to the tune of billions of dollars this year, but the country’s top financiers are warning of new volatility risks that could dampen the market. - more

     Queensland Nickel collapse: Clive Mensink ‘missing’ as court appearance deadline looms - Globetrotting former Queensland Nickel director Clive Mensink’s lawyers say they have no idea where he is and can’t get in touch to tell him he has to appear in court in less than three weeks. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, March 7

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $5.03/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose by a staggering 3800+ tonnes yesterday and ended the day just under the 381,100 tonne level and just 1500 tonnes shy of the 2017 start figure.  The International Stainless Steel Forum released its 2016 stainless steel production figures this morning and they estimate worldwide production increased by 10.2% over 2015, with the largest producer, China, increasing by 15.7%. You can download their report below. Traders continue to fight to beat the $5/lb level, but without success - so far.
  • Average price of cash nickel so far this month - $4.96/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - Copper, zinc hit multi-week lows as copper stocks surge - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Madagascar Braces for One of Its Worst-Ever Tropical Cyclones - more
  • Europe Stocks Stall as Trading Drops; Metals Slide: Markets Wrap - more

     Stainless Steel Production Increases By 10.2% in 2016 - We have released interim figures for 2016 showing that stainless steel melt shop production increased by 10.2% year–to–date. - more

     The Mining Crisis in World's Top Nickel Shipper: QuickTake Q&A - The Philippines is a trove of mineral resources, with deposits of nickel, copper and gold. As prices rise and the economy in China -- customer No. 1 -- hums along, these should be good times for Philippine miners. - more

  • Philippines' Duterte seeks "happy compromise" between environment and mining - more

     In 2017, Industry to Pursue Construction of 32 Nickel Smelters - Chairperson of the Indonesian Nickel Producers Association (APNI) Ladjiman Damanik says industry continues to develop smelter—processing plants—in Indonesia this year. - more

  • Association: 26 Smelters Will Be Operational This Year - more

     ‘What a difference a year makes’ – analysts outline mostly strong commodity fundamentals despite uncertainty - “What a difference a year makes,” John Butcher, principal economist at commodity consultancy Wood Mackenzie exclaimed during a technical programme at the Prospectors and Developers Association of Canada’s yearly convention this week. - more

  • Iron ore prices could fall as much as 30 per cent in the second half of 2017 - more

     Strong chrome demand to hold, but views divided on possible deficit - Strong demand for chromite feedstock of ferrochrome will continue to hold on the back of robust Chinese stainless steel output, but views were divided on whether global supply will move into deficit due to constraints of South African production to meet that demand, industry sources told S&P Global Platts Monday. - more

     Merafe storms back after whirlwind year for ferrochrome - Merafe Resources paid a four cents per share final dividend and laid in to its net debt following a roller-coaster year for ferrochrome which first plummeted to a seven-year price low before cresting to an eight-year high. - more

     US Lithium to mine for copper, nickel, cobalt in Canada’s Saskatchewan - Shares in US Lithium went ballistic Friday after the exploration firm announced it had acquired a copper, nickel, cobalt project in Canada’s Saskatchewan. - more

     Courtesy AISI - In the week ending on March 4, 2017, domestic raw steel production was 1,760,000 net tons while the capability utilization rate was 74.3 percent. Production was 1,695,000 net tons in the week ending March 4, 2016 while the capability utilization then was 72.5 percent. The current week production represents a 3.8 percent increase from the same period in the previous year. Production for the week ending March 4, 2017 is down 0.6 percent from the previous week ending February 25, 2017 when production was 1,770,000 net tons and the rate of capability utilization was 74.7 percent. - more

     Value of mining M&A plunges to lowest level since 2004 - With 2016 being a year of rock bottom-of-cycle prices, many expected it to also be a good year for mining mergers and acquisitions (M&A). - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, March 6

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.99/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on both Thursday and Friday and now total just under the 377,300 tonne level. Once again, after trading over the $5/lb level on Thursday, the price of nickel fell back below that level. The Philippines announced Thursday that they are considering copying Indonesia in banning mineral exports to encourage more in country processing. After a report was issued by the National Development and Reform Commission stating it would shut /stop construction of coal-fired power plants with capacity of more than 50 million kilowatts, China's Premier Li Keqiang told National People's Congress at their annual opening "“Officials who do a poor job in enforcing the law, knowingly allow environmental violations, or respond inadequately to worsening air quality will be held accountable.......We will make our skies blue again.” Expect further cuts in excess steel capacity and a potential crack down on pig nickel processors in that country.  
  • Average price of cash nickel so far this month - $4.96/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper eases but dollar, supply concerns underpin - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 65 Things You Might Not Know About Steel - more
  • MK Metals Consulting Metal Market News 03/06 - more
  • CSA Global highlights emerging trends facing the Canadian mining sector - more
  • Stocks Rally Stalls; Euro Falls on French Politics: Markets Wrap - more

     Philippines Looking at Ban on Ore Exports in Reform Push, Nickel Jumps - The Philippines may consider banning exports of raw minerals to encourage domestic processing and boost the value of shipments, an environment official said on Friday (03/03), as the government looks to extract more from its mining sector after a crackdown. - more

  • No new jobs for displaced workers if mining firms are closed — Caraga officials - more
  • ‘Rehab of mining sites should be a commitment’ - more
  • Japanese firm Sumitomo donates ¥2 million for Surigao earthquake reconstruction program - more

     ERAMET to Replace Chairman and CEO on May 23 = New Chairman and CEO is Mrs. Christel Bories = On February 23, ERAMET Group announced that Mr. Patric Buffet will retire from Chairman and CEO on May 23 and Mrs. Christel Bories will become new Chairman and CEO on the same day. - more

     Asia ferrochrome: Chinese output cuts, strong demand push prices higher - Tightening supplies of high-carbon ferrochrome in south China, as well as high run rates at Chinese stainless steel plants have pushed up spot import prices, market sources said Friday. - more

     With money in their pockets, prospects improve for small miners - As mineral and metal prices have rebounded from a slump, so have the fortunes of small miners, and some industry experts are predicting even better times, ahead of the industry's biggest conference for explorers and developers. - more

      China to continue to cut overcapacity in steel sector in 2018 - China will continue to cut excess capacity in the steel sector in 2018, National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe said at a news conference on Monday. - more

  • China says US steel ruling ‘groundless’ - more

     Tsingshan to Invest $5b in Morowali Carbon Steel Plant - Jakarta. Tsingshan Holding Group, a Chinese steel conglomerate, plans to build a carbon steel factory capable of processing 4 to 5 million tons of the alloy per year at its facility in Central Sulawesi, the Indonesian Minister of Industry Airlangga Hartanto told reporters last week. - more

     Copper-nickel issue simmering for a long time - Copper-nickel has been simmering for a long time before its recent controversies involving Twin Metals and Polymet. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, March 2

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $5.00/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Wednesday and now total just under the 378,450 tonne level. Nickel continues to fight with the $5/lb trading level, and what was once a psychological barrier, has since become a technical line of resistance. Traders have beaten it on numerous occasions over the past month, but since mid December, when the market fell below this price, the market has been unable to get the momentum necessary to stay above it. It's only a matter of time when it will, in our opinion. AK Steel raised their base price on stainless steel, and we estimate, if they haven't already, Allegheny Ludlum, North American Stainless and Outokumpu Stainless will follow suit. Just days ago, MEPS forecast stable stainless prices this year, and from an article quoting the agency in Scrap Register "Falling chromium costs are expected to offset rising nickel values, over the next twelve months. With basis numbers predicted to be quite stable, we forecast little change in global stainless steel transaction prices, in the coming year." Obviously AK Steel did not get the memo. And if you compare the stainless steel surcharges for the first three months of 2017 to last year, you might wonder where MEPS is getting their numbers (link)
  • Average price of cash nickel so far this month - $4.99/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper steadies as demand view supports - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (Bloomberg 2/27) The S&P Global Platts China Steel Sentiment Index slumped to 25.21 this month from 34.13 in January. The gauge is based on a survey of about 75 to 90 China-based market participants including traders and steel mills.
  • Dollar rises, stocks hold highs on March Fed rate hike bets - more
  • New Risks Loom for China Local Debt, This Time in Dollars - more

     AK Steel Announces Stainless Steel Price Increase - AK Steel said today that it will increase base prices for all of its stainless steel products, effective with shipments on April 3, 2017. - more

     Indonesia is under Discussion on Nickel Ore Export Quotas, SMM Learns - No news about Indonesia’s nickel ore export policy has been heard in recent two weeks. - more

     Four more intend to sign up as clearing members of LME's precious contracts - Four more financial firms, including Bank of China International, have agreed to participate as clearing members in the London Metal Exchange's new suite of precious metals contracts when they launch on June 5, the LME said on Thursday. - more

     Indonesia's Antam collars first profit in 3 years - Indonesian state-owned miner Aneka Tambang, better known as Antam, said Wednesday it earned a net profit in 2016 after two years of losses thanks to increased nickel production and higher prices. - more

  • Will changes to Indonesia’s mining law hurt or help the environment? - more
  • Indonesian Stainless Steel - more

     Service Center Shipments Jump in January - Service center shipments of steel and aluminum in both the United States and Canada increased substantially in January, reports the Metals Service Center Institute, Rolling Meadows, Ill. - more

     Aurubis to expand from copper into other non-ferrous metals - Aurubis AG, Europe's biggest copper smelter, plans to expand into production of other non-ferrous metals, new CEO Juergen Schachler said on Thursday. - more

     Clive Mensink’s girlfriend found in Brisbane, putting his claims of ‘bonding’ holiday in doubt - Clive Mensink’s post-divorce girlfriend has reportedly been tracked down in Brisbane, contradicting the former Queensland Nickel director’s claims he could not cut his overseas trip short because he was “bonding” with his new girlfriend and did not want to “let her down”. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, March 1

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.98/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.04/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and ended the month of February just under the 377,800 tonne level. Light news day and nickel is back to playing cat and mouse with the $5/lb level. There is an article below posted by the Scrap Register and copied from MEPS that we believe is misleading. We show the average price of cash nickel jumped from $4.53 to $4.82/lb last month. To announce that stainless steel price increases are over - is a stretch of the imagination. But we linked to the article since MEPS is a respected metals analyst.
  • Average price of cash nickel so far this month - $4.82/lb (Feb average)
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - China data helps fuel copper's rise to one-week high - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Standard Chartered  - "We believe that we are at a critical turning point in fundamentals, which will weigh on nickel prices. First, the latest fundamental data shows the nickel market softening into year-end due to a sharp upswing in Indonesia's output."
  • Fed trumps Trump as dollar, U.S. Treasury yields soar - more

     Stainless Steel prices set to stabilize after a year of growth - This is because the average LME nickel prices during the reference period, were slightly lower than those during the previous month. - more

     Mining ban raises risks in the Philippines - A decision to close, suspend and cancel mining operations has come under fire as yet another of President Rodrigo Duterte's ill-considered policies  - more

  • Philippine Congress postpones embattled minister's confirmation hearing - more

     Tata Steel's First Greenfield Ferro-Chrome Plant in India at Gopalpur Starts Production - The recently commissioned ferro-chrome plant of Tata Steel at Gopalpur Industrial Park in Ganjam district of Odisha, has achieved a major milestone with the first ever production of ferro-chrome on February 25, 2017, with compliance to all technical parameters. - more

     What’s Impact on Metal Producers in Sichuan from Latest Environmental Protection Inspections? SMM Reports - China has stepped up its efforts in environmental protection in recent years, and the central environmental protection inspection team has arrived at Sichuan for its latest inspections. - more

     10 Top Nickel-producing Countries - The Philippines, Russia and Canada were the top producers of the metal in 2016. - more

     What a booming steel sector says about China’s ‘old’ economy: Andy Home - Chinese steel production rose by 7.4 percent in January compared with a year earlier, according to the World Steel Association (WSA). - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

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