Daily Nickel/Stainless Steel Briefing Nickel closed Wednesday’s trading session at $8.58/lb ($18,905/tonne). Indicators at 5:50 am CST today show nickel trading around $.05/lb higher. Stockpiles of nickel stored in LME warehouses rose on Wednesday and ended that session just over the 77,600 tonne level. Shanghai nickel rose to 143,820 y/t overnight. The bears and bulls […]
Courtesy/copyright Dow Jones – “LME nickel is increasingly vulnerable to a phase of stainless steel destocking although the “desperately low” level of available inventory leaves potential for big moves in either direction, says Barclays Capital. China’s central bank to raise deposit reserve ratio by 0.5% points – “China’s central bank will raise deposit […]
Daily Nickel/Stainless Steel Briefing Nickel closed Thursday’s trading session at $7.95/lb ($17,530/tonne). Indicators at 5:55 am CST today show nickel trading around $.05/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started today just under the 77,850 tonne level. Shanghai nickel fell to 134,710 y/t overnight, its lowest close […]
Worldwide Purchasing Manager Index (PMI) – Manufacturing China Euro-zone Japan United States Nov 24 50.3 45.2 49.0 48.4 Oct 24 50.1 46.0 49.2 46.5 Sept 24 49.8 45.0 49.7 47.2 Aug 24 49.1 45.8 49.8 47.2 July 24 49.4 45.8 49.1 46.8 June 24 49.5 45.8 50.0 48.5 May 24 49.5 47.3 50.4 48.7 April […]
Daily Nickel/Stainless Steel Briefing Nickel closed Monday’s trading session at $12.56/lb ($27,700/tonne). Indicators at 6:00 am CST today show nickel trading around $.59/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Monday and start the day just over the 72,100 tonne level. Norilsk is sticking with its earlier forecast of a 40,000 […]
One of the most common requests we get is where to find price charts, to be used in sales or purchasing presentations. On this page, we link to some of the best we know of, and supply the numbers for you in Excel format, if you want to make your own. Nickel Stainless Steel Kitco […]
Nickel Mine Closures 2008 Due to Demand Destruction and Low LME Price Mine Country Remarks/Date Various smelters China 5/08 Much discussion about feasibility of “pig nickel” to be produced as nickel falls to $10/lb, and pollution concerns for upcoming Olympics Radio Hill Project Australia 7/10 Fox Resources postpones production / (update 12/5) to re-open in […]
Courtesy Allegheny Ludlum Ferrochrome Production Surging demand for ferrochrome used in making ferroalloy, which in turn is used in making stainless steel, has led to a severe shortage of chromite. Such supply condition is driving up prices of chrome ore. Ferrochrome production for metallurgical applications uses up more than 90% of the worlds chromite output […]
Friday, July 29 Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – minus 14 to 1,264. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) China Should Favor U.S. Stocks Over Treasuries as Default Looms, Xie Says // China Regulator Said […]
The health of the worldwide nickel market is heavily dependent upon stainless steel production. The pricing of stainless steel is also dependent on the market prices of worldwide nickel. Two-thirds of all nickel mined and produced in the world will make its way into stainless steel. Disovered in 1751, nickel held very little value […]
Daily Nickel/Stainless Steel Briefing Nickel closed Tuesday’s trading session at $7.67/lb ($16,915/tonne). Indicators at 5:35 am CST today show nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME licensed warehouses jumped on Tuesday and started today, just over the 115,600 tonne level. Shanghai nickel rose to 131,550 y/t overnight. Nickel continues its bullish […]
Wednesday, August 31 Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – plus 82 to 1,619. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) China Stocks to Extend Slump on Inflation Outlook, HSBC Jintrust Fund Says // China Stocks Fall, […]
Click on the organization name for more brochures and information available Click on the cover to see the magazine/brochure Stainless Steel Technical Information for Engineers Related Stainless Steel Websites International Stainless Steel Forum International Molybdenum Association International Chromium Development Association International Manganese Institute Other Sites Swiss Inox British Stainless Steel Association Cedinox (Spain) Centro Inox […]
Updated – While Brearley is given credit by most for the invention of stainles steel, French scientist Leon Gillet had documented the constitution of stainless steel in 1904. While Gillet noted the composition and properties of his alloy mix, he never recognized the corrosive resistance of the material. In 1911 Philip Monnartz of Germany published […]
