Steel

Automotive MMI®: US Palladium Price Falls For Third Straight Week

by MetalMiner IndX Reports on May 11, 2012

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

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The week’s biggest mover on the Automotive MMI® was the price of US palladium bar, which saw a 5.8 percent decline to $612.00 per ounce. This week marked the third in a row of declining prices for the platinum group metal (PGM). Closing out the third week of declining prices, the price of US platinum [...]

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Steel Market Roundup: LME Billet Cash Price Collapses

by MetalMiner IndX Reports on May 11, 2012

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

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With a decline of 6.1 percent on the LME to $459 per metric ton on May 10, 2012, the steel billet cash price recorded the biggest shift of the day in steel market prices. The 3-month price of steel billet weakened by one percent on the LME, settling at $475 per metric ton. Chinese steel [...]

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Raw Steels MMI®: LME Billet Cash Price Rises 2.9% on Week

by MetalMiner IndX Reports on May 10, 2012

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

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A 2.9 percent increase made the LME steel billet cash price the week’s biggest mover on the Raw Steels MMI®, closing at $489 per metric ton. (The cash price of LME steel billet saw a 1.9 percent increase on May 9, 2012.) The 3-month price of steel billet fell two percent on the LME to $480 [...]

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Renewables MMI®: Silicon Price Down

by MetalMiner IndX Reports on May 9, 2012

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

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After falling 0.7 percent, silicon turned out to be the week’s biggest mover on the Renewables MMI®. Hovering above $39,700 per metric ton, the week finished with no movement for Chinese cobalt cathodes. Following a steady week, prices for neodymium closed flat, holding between $113,500 and $114,000 per metric ton. At above $750 per metric [...]

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Construction MMI®: European 1050 Aluminum Falls 3.6%

by MetalMiner IndX Reports on May 9, 2012

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

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This past week, European 1050 aluminum dropped 3.6 percent on the Construction MMI®, the biggest mover on the index. Chinese aluminum bar traded sideways last week, hovering above $2,200 per metric ton. Closing out the third week of declining prices, the price of Chinese rebar dropped by 1.4 percent. Chinese H-beam steel prices were off [...]

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Daily Steel Roundup: Chinese HRC Price Falls Nearly 1%

by MetalMiner IndX Reports on May 9, 2012

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

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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 [...]

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When Will India’s Steel Production Overtake China’s?

by TC Malhotra on May 9, 2012

Style:    Category: Commodities, Ferrous Metals, Supply & Demand

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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. [...]

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Daily Steel Price Roundup: LME Steel Billet Back Up

by MetalMiner IndX Reports on May 8, 2012

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

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On May 7, 2012, the day’s biggest mover was the cash price of steel billet, which saw a three percent increase on the LME to $480 per metric ton. This increase comes after two straight days of stagnant prices. The 3-month price of steel billet showed little movement yesterday on the LME at $485 per [...]

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