china stainless steel

From AK Steel’s press release last Friday, the company said that “it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on December 30, 2012.

The release continued, “AK Steel said this increase will be achieved through a reduction in the functional discount of four percentage points for cold rolled and hot rolled products. Base prices of automotive exhaust grades will increase by $0.04 per pound. All raw material surcharges for stainless steel products, including those for materials under .015 inch thickness, will remain in effect.”

MetalMiner tracks AK Steel surcharges in addition to those from ThyssenKrupp, Carpenter and others on our metal price tracking service.

The Week’s Stainless and Nickel Price Movers

real stainless steel pricing - MetalMiner IndXThe biggest mover on the weekly Stainless MMI® was the 3-month price of nickel, which saw a 2.2 percent decline on the LME to $16,025 per metric ton. Last week marked the fourth in a row of declining prices for the metal.

Closing out the third week of declining prices, the spot price of nickel dropped by 2.1 percent on the LME, finishing at $15,955 per metric ton.

The Indian nickel cash price fell 0.3 percent after rising 0.3 percent the week before. The price of Chinese primary nickel finished the week down 1 percent.

For the third week in a row, the price of Chinese 316 stainless steel scrap dropped, falling 0.6 percent. The price of Chinese 304 stainless steel scrap rose 0.6 percent after falling 1.6 percent during the previous week.

today's metal prices - MetalMiner IndXThe price of Chinese 304 stainless coil rose 0.6 percent after falling 1.6 percent during the previous week. The price of Chinese 316 stainless coil dropped 0.4 percent this week, closing out the third consecutive week of falling prices.

Following a steady week, prices for Korean 430 stainless steel coil closed flat, and Korean 304 stainless coil remained unchanged for the week.

Chinese ferro-chrome remained essentially flat from the previous week, and the price of Chinese ferro-moly did not change either.

The Stainless MMI® collects and weights 14 global stainless steel and raw material price points to provide a unique view into stainless steel price trends. For more information on the Stainless MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Daily Nickel and Stainless Price Movements

On Nov. 2, 2012, the Indian nickel cash price fell by 0.9 percent, putting it into a tie for the day’s biggest mover on MetalMiner’s stainless price index with he price of Chinese primary nickel, which also increased 0.9 percent.

On the LME, the nickel 3-month price inched up 0.7 percent to $16,390 per metric ton. On the LME, the nickel spot price gained 0.5 percent to finish at $16,305 per metric ton.

Meanwhile, Chinese 304 and 316 stainless prices didn’t move on Nov. 2.

Weekly Stainless Price Movements

real stainless steel pricing - MetalMiner IndXThe biggest mover on the weekly stainless price index was the price of Chinese 304 stainless steel scrap, which saw a 1.6 percent decline. This week marked the third in a row of declining prices for the metal.

The price of Chinese 304 stainless coil also fell 1.6 percent over the past week, the third week in a row of declining prices. Chinese 316 stainless steel scrap fell 1.2 percent. Chinese 316 stainless coil saw a 0.7 percent decline.

Korean 430 stainless steel coil prices traded sideways last week, and Korean 304 stainless coil remained constant.

For the third week in a row, the price of Chinese primary nickel dropped, falling 0.2 percent. The Indian nickel cash price rose 0.3 percent after falling 5.5 percent during the previous week.

Closing out the third week of declining prices, the spot price of nickel dropped by 0.6 percent on the LME, finishing at $16,305 per metric ton. At $16,390 per metric ton, the nickel 3-month price finished the week down 0.2 percent on the LME.

Chinese ferro-chrome prices held steady from the previous week, and prices for Chinese ferro-molybdenum closed flat.

today's metal prices - MetalMiner IndXThe Stainless MMI® collects and weights 14 global stainless steel and raw material price points to provide a unique view into stainless steel price trends. For more information on the Stainless MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

 

The cash price of primary Indian nickel saw a 1.5 percent drop on Oct. 17, 2012, making it the biggest mover of the day on MetalMiner’s stainless steel price index.

The nickel spot price on the LME has been on the decline for 7 days and is now at $17,025 per metric ton. The LME nickel 3-month price has been on the decline for 7 days and is now at $17,135 per metric ton.

Chinese stainless steel closed mixed yesterday.

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The week’s biggest mover on the weekly Stainless MMI® was the spot price of nickel, which saw a 5.4 percent decline on the LME to $17,640 per metric ton. This comes on the heels of a 2.7 percent increase the week before.

Following a 2.1 percent increase in the week prior, the nickel 3-month price fell 4.8 percent on the LME last week to $17,700 per metric ton.

The Indian nickel cash price finished the week down 5.2 percent.

Meanwhile, Chinese and Korean stainless steel prices were mixed for the week.

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On Oct. 12, 2012, the Indian nickel cash price fell by 3 percent, making it the day’s biggest mover on MetalMiner’s stainless price index.

On the LME, the nickel 3-month price fell 0.7 percent to $17,700 per metric ton. The spot price of nickel weakened by 0.5 percent on the LME, settling at $17,640 per metric ton.

Chinese stainless steel closed mixed last Friday. The price of Chinese ferro-chrome continues hovering in the same spot for the fifth day in a row. The price of Chinese ferro-moly held steady.

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With a decline of 1.1 percent on the LME to $17,730 per metric ton on Oct. 11, 2012, the spot price of nickel recorded the biggest decline of the day on MetalMiner’s stainless price index.

Also on the LME, the nickel 3-month price fell 0.8 percent to $17,825 per metric ton. Weakening prices followed two days of improvement as the Indian nickel cash price dropped 0.5 percent. The price of Chinese primary nickel declined 0.8 percent.

Chinese stainless steel closed mixed yesterday. The price of Chinese ferro-chrome remained essentially flat, and Chinese ferro-molybdenum was unchanged.

The prices of Chinese 304 and 316 stainless coil and scrap showed little movement yesterday.

On Oct. 10, 2012, the day’s biggest mover on MetalMiner’s stainless price index was the price of Chinese 316 stainless coil, which saw a 0.7 percent decline. This was the first move after three changeless days, likely due to the weeklong Chinese national holiday.

The prices of Chinese 304 and 316 stainless steel scrap, and 304 stainless coil, all remained essentially flat.

The price of Chinese ferro-chrome held steady. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat as well.

Nickel Price Movement

The price of Chinese primary nickel weakened by 0.5 percent. The cash price of primary Indian nickel gained 0.2 percent. The nickel 3-month price showed little movement on Wednesday on the LME at $17,975 per metric ton.

The nickel spot price steadied at $17,925 per metric ton following two-days of dropping prices on the LME.

On Oct. 9, 2012, the day’s biggest mover on MetalMiner’s stainless price index was the nickel spot price, which saw a 3.4 percent decline on the LME to $17,925 per metric ton.

A $620 decline in the 3-month price of nickel on the LME left the price at $17,975 per metric ton.

The cash price of primary Indian nickel rose 0.3 percent after a two-day drop.

Chinese stainless steel and raw material input prices were mixed for the day. For the fifth consecutive day, the price of Chinese ferro-chrome held flat, and the price of Chinese ferro-moly continues hovering in the same spot.

The price of Chinese primary nickel saw a 0.8 percent decline, but Chinese 304 and 316 stainless coil and scrap prices continued to hold steady.

The nickel spot price saw the biggest increase at 1.9 percent on the LME, finishing at $18,830 per metric ton for Oct. 3, 2012. On the LME, the nickel 3-month price increased 1.6 percent to $18,855 per metric ton.

The Indian nickel cash price closed Wednesday halting its two-day flat run with a 0.1 percent decline.

Chinese stainless steel prices for 304 and 316 coil and scrap were flat for the day.

The price of Chinese ferro-chrome held steady, and the price of Chinese ferro-moly saw essentially no change for the fifth day in a row.

Need more global stainless steel or nickel prices daily? See how MetalMiner can help.

Except for LME nickel, you could hear a pin drop on global stainless markets yesterday.

On Oct. 1, 2012, the nickel spot price experienced the biggest change, rising 2 percent on the LME to $18,515 per metric ton. Also on the LME, the 3-month price of nickel inched up 1.7 percent to $18,540 per metric ton.

The cash price of primary Indian nickel flattened after two days of improvement.

The price of Chinese ferro-chrome continues hovering in the same spot for the fifth day in a row. The price of Chinese ferro-moly held steady as well.

Prices of Chinese 304 and 316 stainless coil and stainless scrap remained essentially unchanged.

The price of Chinese primary nickel also held steady yesterday.