Falling Iron Ore, Coal Prices: The Start of a Steel Market Collapse?

by Stuart Burns May 23, 2012 Commodities

All the signs suggest the steel market, particularly the steel market outside of North America, has further to fall. In Asia, the FT reports the benchmark 62% Fe iron ore contract fell this week in Singapore to $133.25 a ton, the lowest since early November 2011, while thermal coal prices in the Australian port of [...]

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Some Cheer, Some Bad News From India’s Steel Sector

by Sohrab Darabshaw May 23, 2012 Company News

Sohrab Darabshaw contributes an Indian perspective on industrial metals markets to MetalMiner. Players in the Indian steel sector continue to paint an optimistic picture in the medium-term, despite some recent negative developments in the steel industry. They are also looking at new avenues for selling steel, domestically and internationally. On the other hand, investors and industry experts continue [...]

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Global Precious Metals MMI®: US Palladium Rises 3% Over Week

by MetalMiner IndX Reports May 22, 2012 Metal Prices

The week’s biggest mover on the Global Precious Metals MMI® was the price of US palladium bar, which saw a three percent increase to $613.00 per ounce. This comes on the heels of a 8.3 percent decline the week prior. The price of Chinese palladium bar fell 0.3 percent over the past week to CNY [...]

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Chinese Copper Wire Price Rises

by MetalMiner IndX Reports May 22, 2012 Metal Prices

On May 21, 2012, Chinese copper wire rose 1.2 percent to finish as the day’s biggest mover on global copper markets. Chinese copper bar finished the day up one percent. The Chinese copper cash price inched up one percent as well, while Chinese bright copper scrap stayed flat at around between $7,500 and $7,750 per [...]

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Daily Precious Metals Roundup: Silver Prices Up Again

by MetalMiner IndX Reports May 22, 2012 Metal Prices

Chinese silver saw the biggest upwards shift for the day on global precious metals markets, rising 1.7 percent to close at CNY 6,000 ($948) per kilogram on May 21, 2012. Japanese silver prices rose 1.5 percent to JPY 722.00 ($9.10) per 10 grams. US silver prices saw a 1.1 percent decline to $28.35 per ounce, [...]

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Global Aluminum Market Prices – May 22, 2012

by MetalMiner IndX Reports May 22, 2012 Metal Prices

The aluminum cash price saw the biggest upwards shift for the day on global aluminum markets, rising 1.5 percent on the LME to close at $2,016 per metric ton on May 21, 2012. The LME aluminum 3-month price inched up 1.1 percent to $2,055 per metric ton. Shifting to Asian markets, the Indian aluminum cash [...]

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Steel Price Roundup: Chinese Slab Down

by MetalMiner IndX Reports May 22, 2012 Ferrous Metals

The price of Chinese slab closed May 21, 2012 with a 2.1 percent drift, halting its three-day flat run. After a couple of days of decreasing prices, the price of Chinese HRC held steady, between $650 and $675 per metric ton.

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

by MetalMiner IndX Reports May 22, 2012 Ferro Alloys

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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