by MetalMiner IndX Reports on May 9, 2012
Style: Industry News
Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX
Keywords: coking coal price, HRC price, iron ore prices, LME, Steel, steel prices, US HRC futures price
Following a three-day flat streak, the price of Chinese HRC dropped by 0.9 percent on May 8, 2012. Meanwhile, Chinese coking coal prices remained essentially flat. For the fifth day in a row, the price of Chinese slab also stayed pat at below $700 per metric ton. The low and high prices of iron ore [...]
According to Indian Steel Minister, Beni Prasad Verma, during the first nine months of FY 2012, Indian imports of finished steel stood at 5.6 million metric tons against 3.5 million metric tons over the corresponding period last year. Overall in 2010-11, steel exports stood at 3.5 million tons compared to 6.8 million tons of imports. [...]
MetalMiner presents the next installment in our chat with Olivier Maurandy of Fullstep, in which we find out how long analyzing a midsize manufacturing company’s spend should take — and why it’s a necessity. Watch previous segments here: Defining a Strategic Sourcing Process For Middle-Market Firms Which Spend Categories Too Big, Too Small In Sourcing [...]
A 4.6 percent decline in Japanese palladium bar made it the biggest mover of the week, closing at JPY 1,670 ($20) per gram on the Global Precious Metals MMI®. Following a 0.6 percent increase in the week prior, the price of Chinese palladium bar fell 4.3 percent last week to CNY 156.00 ($24.74) per gram. [...]
The nickel market, as Reuters points out in a recent article, has been characterized by two supply-side factors, even as demand has risen. On the one hand, Chinese nickel pig iron (NPI) production has kept the country well supplied in refined nickel, in spite of a falling nickel price supposedly putting cost pressures on the [...]
Every cloud has a silver lining, and for jewelers facing consumer demand destruction due to high gold prices, it would seem the silver lining is literal. A Mineweb report notes that Indian silver exporters are experiencing a record level of demand, particularly from the US and Europe, for silver jewelry. The article quotes data from [...]
Rising one percent on the LME to close at $500 per metric ton, the 3-month price of steel billet experienced the biggest change in steel markets for May 3, 2012. The steel billet cash price saw a 0.2 percent decline on the LME to $486 per metric ton. Chinese steel prices were mixed for the [...]
You would have thought after the Sumitomo Copper Scandal in the 1990s the LME and the UK supervisory authorities would have clamped down on market manipulation, but it would seem on the face of it to be as serious as ever. Over the last few weeks we have written about aluminum and copper, and now [...]
