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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, April 24

    Due to a medical situation, we will be unable to post a Thursday update. We apologize for the inconvenience and will post our next update on Friday.  

Wednesday, April 23

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Tuesday's trading session at $8.32/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.06/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and now total just under the 276,900 tonne level. The HSBC Holdings Plc and Markit Economics released its preliminary monthly China Purchasing Managers’ index today and a reading of 48.3 signals continued contraction in China factory production. The same reading for the Eurozone was 54.0, signaling a month to month expansion in manufacturing. Nickel, having jumped from trading at $16,500/tonne on the 9th, to $18,000/tonne by the 17th, is overdue for a technical correction and today's slip, could help overbought signals soften some. No reason for stainless steel producers or consumers to get excited however, as all signals remain bullish. We monitor two China stainless steel indexes, maintained by China media sites, and each has jumped 6 and 9% respectively so far this month. A third, with a history of being less dependable, is up 12%.   
  • Average price of cash nickel so far this month - $7.70/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Drops for First Time in Four Days on China Data - more
  • Reuters metals morning - Nickel climbs to 14-1/2 month high on tight supplies - more


  • Great American Group April 2014 Metals Monitor - pdf here
  • Oryx Stainless - We need more rats than elephants - more
  • March 2014 Crude Steel Production - more
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 84.13
  • 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
  • 100 Years of Stainless Steel - more
  • (SO) Russia's stainless steel exports up 5.6% in February
  • Mwana Africa reports strong production results - more
  • Barclays Plans to Exit Most Commodities Activities - more
  • LME Week Asia kicks off with new commodities contracts in Hong Kong - more
  • Vale nominated for inaugural community engagement award for being proactive in wake of 2010 refinery and smelter shutdown announcement - more
  • Anti-mining protests mark Earth Day celeb in Mindanao - more

    Chart of the week: Nickel is due an upturn - Nickel prices have eclipsed $17,000 a tonne for the first time since March 2012, says Neil Hume in the Financial Times. - more

  • Nickel miners see further upside - Nickel miners continued to enjoy solid share price rises today after the price of the steel-making commodity climbed to a 14-month high overnight. - more

    China ferrochrome market waits for steelmakers' May prices - Domestic spot prices of high carbon ferrochrome (50% basis Cr) in China were unchanged week-on-week at Yuan 6,600-6,800/mt (81-83.5 cents/lb) delivered with 17% VAT on Wednesday as the market waited for May purchase prices from the country's major stainless steelmakers. - more

    Indonesia to make it even harder for foreign miners: Clyde Russell - Indonesia's decision to start cancelling investment treaties with 62 countries has passed with little comment, but the move may have a greater impact than the recent banning of mineral ore exports. - more

    Production of Stainless Steel Products in January 2014 Is 254,372 Tons = Up by 1% from prior month, and decreased production of Cr-type is offset by Ni-type = The Ministry of Economy, Trade and Industry announced the production volume of stainless steel products (hot-rolled products) in January 2014 was 254,372 tons, which represented a slight increase of 0.6% versus the prior month and an increase of 12.2% versus the year-earlier month. - more

    Nickel king Potanin’s ex-wife appeal moved to May 28 - The Presnensky District Court of Moscow moved to May 28 the hearing of an appeal filed by ex-wife of Nornickel CEO Vladimir Potanin against the decision to grant divorce, RAPSI reports from the courtroom. - 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 reports and information free of charge. Contact us

 April Archives

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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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