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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, February 26

   On the road Feb 27th so the next news update will be Monday. Have a safe and relaxing weekend.

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)

  • Three month nickel closed Wednesday's trading session at $6.49/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.08/lb higher this morning, with other base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses rose to a new record high for only the second time this month, and now total 427,596 tonnes. It was really starting to look like LME inventories of nickel had possibly peaked out this month, but once again, a large influx yesterday has negated those thoughts. Nickel is trading about where it was two weeks ago, and we are starting to see some buying on China's return from their week long Lunar New Year break. The market remains in a funk, a mirror image of the world economies.  
  • Average price of cash nickel so far this month - $6.61/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 surges to 6-week high as China holiday ends - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • U.S. Imports for Consumption of Steel Products January 2015 - more
  • Steel Founders' Society Of America January 2015 Casteel Reporter - pdf here
  • 2014 mining and metals deal volume and value lowest in 10 years - more
  • Reuters Metals Insider - pdf 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 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
  • (FAN) The global ferrochrome market will be in a deficit of 150,000 mt, as demand from the stainless steel sector outgrows production, Turkey's Yildirim Group said Wednesday.
  • (POA) Bank of America Merrill Lynch expects the price to rise to US$25,000/t in 2015 while Wood MacKenzie has predicted a long term price of US$25,350 to US$ 26,460/t.
  • Brazil's Vale misses forecast with 2014 profit of $657 mln - more
  • Commodities trader Noble rejects fresh accounting allegations - more

    Aperam, Terni raise March stainless steel surcharges - European stainless steel producers Aperam and Acciai Speciali Terni have followed the the continent's largest producer, Finland's Outokumpu, in raising monthly alloy surcharges on austenitic grades of stainless steel flat-rolled products for March. - more

    Another knock for stainless steel sentiment - Global: The stainless steel market is suffering from a lack of momentum. Constantly rising primary nickel stocks on the LME have helped to undermine sentiment and maintain the pressure on values in the stainless steel scrap sector. - more

    New Caledonia: Nickel – Market Insights - There are currently three key players in the nickel sector over in New Caledonia. French-owned ERAMET has been present in the country for over 120 years now and operate mines in New Caledonia through their subsidiary, SLN (Société Le Nickel). - more

    Nickel IPOs proposed in favourable market - Higher nickel prices and increased demand due to a ban on shipments of ore from Indonesia are expected to lead to a number of IPOs on the Philippines Stock Exchange this year by nickel producers aiming to take advantage of the favourable conditions by expanding existing operations and possibly starting new ones. - more

    Vale's Production Volumes of Mn Ore, FA, Ni and Co in Full Year 2014 = As compared with prior year, Mn ore and FA are down and Ni and Co are up = On February 19, Vale S. A., a major resource company in Brazil announced its production volumes of manganese ore, ferroalloys, nickel and cobalt in the full year 2014 (January - December) and also in the period from October to December. - more

    Building sustainable cities - With over half the world’s population now living in urban areas, the concept of sustainable or eco-cities has become increasingly attractive. - more

    The Socio-Economic Benefits of Nickel Commerce - Every day, we witness how people talk about sustainability as an essential aspect of modern living. - 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

 February Archives


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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
In stock - contact the author for current pricing and availability

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