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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 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

March Archives


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"A Guide To LME Trading"...pdf here (all ton listings are metric tons = 2204.622 pounds ) Updated Monday thru Thursday before 8 am CST - Disclaimer Original content and opinions copyright www.estainlesssteel.com. All prices shown on this page are indications only. Note - For real time and official LME prices, LME requires a user subscribe to an authorized LME vendor.

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ASTM F593C, F593D, F593G, F593H,
304 and 316 Stainless Steel Hex Bolts
and ASTM F594 Stainless Hex Nuts
In stock - contact the author for current pricing and availability

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