Ferrous Metals

Nickel 3-month prices saw the biggest upwards shift for the day, rising three percent on the LME to close at $18,065 per metric ton on April 27, 2012. Also on the LME, the price of primary nickel rose 2.7 percent to $17,965 per metric ton. Chinese stainless steel prices were mixed for the day. The [...]

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I recently came across a newsletter article with great relevance to MetalMiner readers – How to Fix Index Based Pricing – that offered up three suggestions for individuals seeking to develop a price indexing schema for purchases. The author states a hypothesis often not articulated by the purchasing organization – having a “fixed, predictable price is just [...]

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We at MetalMiner are always on the lookout for sourcing efficiencies in the industrial metals supply chain — and those who make said efficiencies their business. That’s one of the main reasons we chose the sponsors that we did for our recent MetalMiner and Spend Matters conference, Commodity EDGE; they are all at the top [...]

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In an effort to ensure fuel supplies for its steel and power plants, India’s Tata Group initiated talks for a joint venture with South African company Increase Coal (Pty) Ltd., reports Business Line. The article notes that the proposed venture can produce about 9 million metric tons of metallurgical coal, which is used largely by [...]

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Our editors had the chance to speak to a couple leading analysts in the commodities sphere recently. These analysts are unlike we’d ever encountered before. Their real-world market examples hit very close to home. Their metaphors bristled with creativity and helped us bridge the gap between what commodity markets are doing, and how companies should [...]

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Lisa Reisman spoke with Omer Abdullah, co-founder and managing director of The Smart Cube, Inc., about how companies are — and should be — thinking about black swan events and their impact on commodity sourcing. *Hear Omer speak in person next Monday, March 19 — he will be leading a roundtable session titled “Forecasting, Statistical [...]

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Conflicting data is coming out of China, which doesn’t help metals consumers elsewhere trying to read the tea leaves on what impact the world’s top consumer and producer of steel and non-ferrous metals is likely to have on prices this year. A Reuters article this week reports on how base metals demand is falling due [...]

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The best things come to those who wait. If you’re one of the folks who waited to register for the MetalMiner and Spend Matters manufacturing conference, Commodity EDGE: Sourcing Intelligence for the New Normal, do it now before time runs out — and boy, will your company’s procurement team ever thank you: Need a few more [...]

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