October 2008

Steel Price Drops Big in China

by Stuart Burns on October 31, 2008

Style:    Category: Global Trade

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Unfortunately because Metal Miner’s new IndX has only just been launched this week, subscribers have not been able to track global metal prices prior to today. But with the benefit of our data base, built up over many months of IndX development, we have been tracking the fall in steel prices in Asia since their [...]

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Best of… Price Index

by Lisa Reisman on October 30, 2008

Style:    Category: Best of MetalMiner

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As we prepare to officially soft-launch the MetalMiner IndX, a new service that tracks global metals prices on a daily basis, we decided to review some recent articles that used facts and figures from this premium service. Below, you will find some of the “best” articles that relied on the MetalMiner IndX(SM) to support sourcing efforts, [...]

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Scrap Dealers: Time to Panic, or Time to Wait?

by Lisa Reisman on October 30, 2008

Style:    Category: Commodities, Supply & Demand

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The recent recessionary squeeze, arms tightly wrapped around scrap metal dealers, isn’t pulling back anytime soon. As demand and prices fall in most metals markets, scrap dealers find themselves drawn in different directions, unsure about the next step. To sell, or not to sell? That’s the unfortunate question. We’ve already discussed the trader’s dilemma, but there’s [...]

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Cliffs Cuts Back Iron Ore Pellets

by Stuart Burns on October 30, 2008

Style:    Category: Ferrous Metals, Supply & Demand

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In the surest sign yet of a downturn in North American steel demand, Cliffs Natural Resources (formerly Cleveland Cliffs) stopped three iron ore pellet furnaces at two of the company’s six North American iron ore mines. The three furnaces at Northshore and United Taconite have a production capacity of 300,000 tons so they are the smaller [...]

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Palladium, Precious Metals Look Up

by Lisa Reisman on October 29, 2008

Style:    Category: Commodities, Precious Metals

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Rising five percent yesterday, the future for palladium already looked promising, reaching a session high at $177.50 per ounce. This morning, however, the precious metal rose even higher. While several other metals face a long-lasting freefall, palladium can claim a more optimistic outlook with its recent 10 percent rise. As the dollar weakened and oil [...]

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New Tool For Cost Savings

by Lisa Reisman on October 29, 2008

Style:    Category: Sourcing Strategies

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We recently hosted a webinar for IndustryWeek entitled: “Partnering with Suppliers To Overcome Rising Material Costs.” That was just a few weeks ago and as we all know, rising material costs just don’t pose the same threat they did earlier this year. However, as the economic crisis continues to play out, the need to partner with [...]

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Asia Halts Dream of a Metals Futures Market

by Stuart Burns on October 29, 2008

Style:    Category: Commodities, Sourcing Strategies

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Asia’s long held desire to develop a commodities exchange to rival London, New York or Chicago has hit the buffers with the credit crunch. As the power house of commodities consumption it would seem obvious to many, particularly in Asia, that the region should have it’s own hub trading not just metals but oil and [...]

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New Paper Discusses Inventory Reduction Techniques

by Lisa Reisman on October 28, 2008

Style:    Category: Sourcing Strategies

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I chatted with a prospect late last week who had asked whether or not we help companies save money not only through sourcing techniques but also with re-ordering and inventory optimization, essentially to help firms reduce the amount of inventory on hand. [We do.] But the question got us thinking – if a company undertakes [...]

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