MetalMiner today has formally launched its free global metals pricing index. We had originally launched the application as a premium subscription model. But after speaking with a number of corporations, we felt that we needed to add additional countries, including the US into the application to create the kind of value we had intended to create on launch. And we are working to enhance this initial launch version to create such an offering. The index you find here (click on the link above MetalMiner IndX(SM)) or to the left of this entry, contains a broad range of industrial metals including steel, stainless steel and most base metals. Prices are updated daily in most cases, monthly in others and come from three countries: China, India and Japan. (London Metal Exchange pricing is also included). Unlike other metals publications, MetalMiner IndX(SM) also includes a live currency converter for instant price comparisons in US dollars or foreign currencies.
We invite those firms who are currently paying over $1000 annually to Platts for access to their steels price index, to try MetalMiner IndX(SM). You can take a look at their press release announcing their hot rolled coil offering here by way of comparison and their subscription model here.
Our goal is to become the number one destination for sourcing professionals and metals traders looking for candid insight, actionable strategies and tools to make their jobs easier. Our blog content remains free to anyone. This version of the MetalMiner IndX(SM) will also remain free to those who register. Watch this space in 2009 for additional software, service and market intelligence offerings. In the meantime, if you need a few ideas as to how the MetalMiner IndX(SM) can help you, check out this post from last year. In the meantime, take a look at MetalMiner IndX(SM) and leave a comment. We’re interested in your feedback.