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Stainless Steel News and Nickel Prices

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Daily Nickel Market News & Stainless Steel Prices

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Nickel Prices and Stainless Steel Bolts

Stainless Steel News and Prices

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Thursday, October 8

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.61/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.01/lb lower, but off earlier session lows. Stockpiles of nickel stored in LME approved warehouses fell over 2000 tonnes for a third consecutive session and now totals just under the 443,600 tonne level. China markets bounced when they opened as we expected, but nickel isn't biting into the optimism just yet. After three consecutive sessions of growth the first three sessions of the month, LME stockpiles have fallen by large amounts the last three sessions. Cancelled warrants show interest but it appears much of the sold nickel is being bought by one trader.  
  • Average price of cash nickel so far this month - $4.57/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slides on fund selling as China worries mount - more


  • Reuters Metals Insider - 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
  • Asia flags but China stocks jump in catch-up after long break - more
  • China's crude steel output remains weak - more

    Tumbling nickel prices eat into miners' profits, but turnaround could be in sight - Tumbling nickel prices are eating into miner profits with about 60 per cent of global producers now losing money — but one investment bank believes there is a turnaround in sight. - more

    Nickel price to double: analyst - The price of nickel will almost doubt to $US20,000 a tonne by March 2017, according to investment bank and corporate advisor Alto Capital. - more

    Thomson Reuters Publishes GFMS Base Metals Review & Outlook - In the run up to LME Week 2015, which kicks off on Monday 12th October 2015, the GFMS research team at Thomson Reuters publishes updated price forecasts for the base metals complex. - more

    Amec calls for belt-tightening in nickel sector - Nickel miners will need to continue their focus on cutting costs if they are to emerge from the low price environment ready to drive a new wave of exploration and development once prices improve, the Association of Mining and Exploration Companies (Amec) says. - more

  • 'Future still bright for Nickel West' - BHP Billiton nickel boss Eddy Haegel says struggling Nickel West needs to develop a “junior miner mindset” to survive the nickel price crisis and thrive in the future. - more

    Production of Stainless Steel Products in July 2015 Is 231,194 Tons = Up by 3% from prior month, and production of Cr-type and Ni-Cr-type is up = The Ministry of Economy, Trade and Industry announced the production volume of stainless steel products (hot-rolled products) in July 2015 was 231,194 tons, which was up by 2.9% from the prior month and down by 3.2% from the year-earlier month. - more

    BHP to cut 37 jobs at Kambalda concentrator  - Mining giant BHP Billiton will cut some 37 staff from its Kambalda concentrator, in Western Australia, as third-party providers cut ore supply. - more

    Courtesy AISI - In the week ending October 3, 2015, domestic raw steel production was 1,727,000 net tons while the capability utilization rate was 72.2 percent. Production was 1,862,000 net tons in the week ending October 3, 2014 while the capability utilization then was 77.4 percent. The current week production represents a 7.3 percent decrease from the same period in the previous year. Production for the week ending October 3, 2015 is down 0.5 percent from the previous week ending September 26, 2015 when production was 1,735,000 net tons and the rate of capability utilization was 72.6 percent.

  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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"A Guide To LME Trading"...pdf here (all ton listings are metric tons = 2204.622 pounds ) Updated daily before 8 am CST weekdays - 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
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