Ferrous Metals

Daily Stainless Steel and Nickel Price Roundup – May 22, 2012

by MetalMiner IndX Reports on May 22, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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The cash price of primary Indian nickel experienced the biggest price shift of the day on global stainless markets, dropping 2.3 percent on May 21, 2012. The spot price of nickel rose 1.1 percent on the LME to $17,100 per metric ton after a two-day drop. The LME nickel 3-month price gained one percent to [...]

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JSW Steel Reports Highest-Ever Production Numbers in 2012

by TC Malhotra on May 22, 2012

Style:    Category: Commodities, Ferrous Metals, Public Policy

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India’s steel manufacturer, JSW Steel Limited, has reported the highest-ever volume of production and sales for 2011-2012, including Q4 FY2012. According to a Business Standard report, the company produced 7.43 million metric tons of crude steel in FY12 and 2.07 million metric tons in Q4. Similarly, sales volume in FY12 and Q4 was 7.82 million [...]

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Daily Stainless Roundup: Indian Nickel Cash Price Improves

by MetalMiner IndX Reports on May 21, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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The cash price of Indian primary nickel moved up 2.1 percent on May 18, 2012, making it the day’s biggest mover on stainless steel and raw material inputs markets. The LME cash price of primary nickel saw a 0.2 percent decline to $16,910 per metric ton. Also on the LME, the 3-month price of nickel [...]

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Daily Steel Roundup: Billet 3-Month Price Switches Direction

by MetalMiner IndX Reports on May 21, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

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Following two days of increases on the LME, the steel billet 3-month price dropped by 6.4 percent to end last week at $440 per metric ton. Weakening prices followed two days of improvement as the cash price of steel billet dropped six percent on the LME to $429 per metric ton. Chinese steel prices, however, [...]

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Stainless MMI®: Chinese Nickel Falls 3.7% For The Week

by MetalMiner IndX Reports on May 21, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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The week’s biggest mover on the Stainless MMI® was the price of Chinese primary nickel, which saw a 3.7 percent decline. This comes on the heels of a 0.5 percent increase the week before. Chinese 304 stainless steel scrap fell 1.6 percent over the past week, while Chinese 304 stainless coil prices were off slightly [...]

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Mining Controversies, Lopsided Policies Hurting India Steel Industry

by Sohrab Darabshaw on May 21, 2012

Style:    Category: Ferrous Metals, Global Trade

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MetalMiner welcomes guest contributor Sohrab Darabsha, who covers industrial metals markets from an Indian perspective. While China has already managed to install excess steelmaking capacity, India is struggling to meet its internal demand, which is set to grow by about 8 percent in 2012. There are many reasons for India’s inability to meet its own [...]

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Automotive MMI®: LME Spot Copper Drops 4.7% For Week

by MetalMiner IndX Reports on May 18, 2012

Style:    Category: Automotive, Ferrous Metals, Metal Prices, MetalMiner IndX, Non-ferrous Metals

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After drifting 4.7 percent on the LME, the price of primary cash copper dropped to $7,710 per metric ton making it the biggest mover on the Automotive MMI® this week.

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Chinese Primary Nickel Price Increases on May 17, 2012

by MetalMiner IndX Reports on May 18, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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The price of Chinese primary nickel rose 0.8 percent on May 17, 2012, making it the day’s biggest mover on stainless steel and raw materials inputs markets. After two days of falling prices, it closed between $20,000 and $20,250 per metric ton.

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