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January 2010
Test Your Steel Export Market Knowledge
by Lisa Reisman on January 26, 2010
Style: Category: Ferrous Metals
Keywords: Ferrous Metals
Posco Reveals Its M&A Strategy
by Lisa Reisman on January 26, 2010
Style: Category: Ferrous Metals, Global Trade, M&A Activity
Keywords: Ferrous Metals, Lithium, South Korea, Steel
Posco revealed several bits of news about two weeks ago which steel buyers everywhere may find of interest. The first piece of news involves its own estimates of steel demand increasing by 10% this year. That may not strike anyone as noteworthy given the past year but nonetheless, it appears positive. The second bit of [...]
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Now Posco Gets in on Lithium
by Lisa Reisman on January 26, 2010
Style: Category: Global Trade, Green, M&A Activity, Minor Metals, Sourcing Strategies
Keywords: Green, Lithium, South Korea
Last week, we ran a post covering a a key raw material supply investment made by Toyota. But number four steel producer, Posco has also made some big headlines by doing the same. According to Simon Moores, Deputy Editor and Mark Watts, in their story, “Industrial Giants Invest in Lithium in this month’s issue of [...]
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Where is Nickel Going in 2010?
by Stuart Burns on January 26, 2010
Style: Category: Non-ferrous Metals
Keywords: China, Nickel, Non-ferrous Metals
According to the LME, some 65% of nickel goes into making stainless steel so it is no surprise that three years of falling stainless demand have decimated nickel prices. What is more of a surprise is that as stainless steel mills continue to report poor sales and idled capacity the nickel price has been powering [...]
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Is Now the Time to Get Out of Gold?
by Stuart Burns on January 25, 2010
Style: Category: Humor, Precious Metals
Keywords: Gold, Precious Metals
A business model new to the UK called Cashmygold has proved very successful during a year of recession. The company advertises on television urging viewers to send in their old gold jewelry for quotation, if you like the quote they send you a check, if you don’t they send back the items. Needless to say [...]
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EMP Devices to Replace Heavy Presses in Hole Punching Operations
by Stuart Burns on January 25, 2010
Style: Category: Metal Fabricated Parts, Product Developments
Keywords: Machinings, Steel
A revolutionary new process to punch holes in steel without leaving burrs and at lower cost than heavy presses is being developed by a group in Germany according to an article in the Economist magazine. The paper reported this week how Verena Kräusel and her colleagues at the Fraunhofer Institute for Machine Tools and Forming [...]
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What Do Ferrous Scrap Prices Tell Us About Steel Prices?
by Lisa Reisman on January 25, 2010
Style: Commentary Category: Ferrous Metals, Global Trade, Metal Prices, Supply & Demand
Keywords: Ferrous Metals, Scrap Metal, Steel
From a short-term perspective, higher scrap prices can only mean one thing, higher steel prices. And generally speaking, we see rising scrap prices along with higher iron ore and coking coal prices as the primary drivers to higher steel prices. However, although demand looks better than it did during the first half of 2009, it [...]
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When, Not if, the Renminbi Will be Un-pegged
by Stuart Burns on January 22, 2010
Style: Category: Global Trade, Macroeconomics
Keywords: China
The question of China’s exchange rate against the US Dollar is one that excites opinions in even the most parochial backwater of the US or Europe because it is perceived to be a major cause of blue collar manufacturing job losses to the emerging market. So the growing probability, indeed near certainty, that China will [...]
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