This morning in metals news: nickel prices have consolidated in December; North American Stainless announced a reduction in its fuel surcharge; and, lastly, the Energy Information Administration reported U.S. liquefied natural gas exports reached a record high in the first half of 2021. Are you under pressure to generate stainless steel cost savings? Make sure […]
Tag: nickel price
Stainless MMI: Nickel price drops on Tsingshan supply news
The Stainless Monthly Metals Index (MMI) rose by 4.3% for this month’s reading, as news of a supply deal by China’s Tsingshan Holding Group helped push the nickel price downward. Sick of not finding good price indexes for stainless steel? Check out the MetalMiner stainless steel should-cost model — detailed price-per-pound info for grade, form, […]
What goes up must (eventually) come down — does the old saying apply to nickel prices?
Up to this week, the nickel bull story had been roaring along. Talk of metal shortages and runaway electric vehicle (EV) and hybrid battery demand have supported that story. But one announcement has seen that bull run hit a brick wall. Nickel bull story slows News that China’s Tsingshan Holding Group has signed a one-year […]
This Morning in Metals: Steel capacity utilization rate reaches 71.5%
This morning in metals news: the U.S. steel capacity utilization rate reached 71.5% last week; the Energy Information released its monthly energy review; and the nickel price continues to move upward. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up today. Steel capacity utilization rate hits 71.5% The U.S. […]
This Morning in Metals: U.S. steel imports down 22% through October
This morning in metals news: U.S. steel imports were down by 22.2% year over year through the first 10 months of 2020; German steelmaker Thyssenkrupp AG is seeking state aid; and the nickel price has bounced back in November after falling during the second half of October. Want more from MetalMiner? We offer exclusive analyst […]
This Morning in Metals: Nickel price gains to start the week
This morning in metals news: the nickel price has gained to start the week; Reliance Steel and Aluminum Co. recently released its Q3 results; and, finally, the U.S. imported $19 billion in energy goods from Mexico last year. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
The nickel market is set for major disruption
There is a looming crisis in the nickel market. Some would argue it’s a good problem to have. Demand is set to rise on the back of increasing uptake of electric and hybrid vehicles through this decade. More and more governments will mandate the production of electric vehicles (EVs) over internal combustion engine (ICE) autos. […]
This Morning in Metals: Global alumina production rises in August
This morning in metals news: global alumina production rose 2.7% year over year in August; China’s industrial profits fell through the first eight months of the year; and nickel prices have taken a dive over the last month. Check if your service center is providing you with price transparency for your aluminum spend. Global alumina […]
Stainless MMI: Surcharges rise for third straight month
The Stainless Monthly Metals Index (MMI) increased by 4.4% for this month’s MMI value. Surcharges increase for a third month While stainless demand continues to remain in line with U.S. flat-rolled producer supply, alloy surcharges are rising for the third month in a row. Why? The surcharge increases are again due to an increase in […]
Nickel price slow to follow the rest of the metals complex
As much of the rest of the base metals were lifted this week, nickel remained subdued. This comes despite an announcement by the Indonesian government that it would relax exports of many minerals but keep in place a ban on nickel ores.
