Stainless Steel News and Nickel Prices, Molybdenum, Metal Pricing, Ferrochrome

  Daily Nickel/Stainless Steel Briefing 

  • Nickel closed Monday’s trading session at

    $7.44/lb

      ($16,410/tonne). Indicators at 5:25 am CST today show nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME licensed wareouses fell on Monday and started today reading just shy of the 200,800 tonne level. Shanghai nickel slipped to 129,490 y/t overnight. Euro is up this mornng, but nickel is trading under selling pressure… at least for the moment. Stay safe out there and have a great day!

  • Average price of LME traded cash nickel so far this month – $7.31/lb

  Reports

  • Reuters metals morning – Copper buoyed by Chinese stimulus measures – more
  • Refinitiv Inside Commodities – pdf here
  • SMM Daily Comments – none posted
  • Sucden Daily Base Metals – more
  • India Daily Stainless Report – none posted
  • ING The Commodities Feed – daily here
  • U.S. Stainless Steel Scrap Prices  – more
  • February Survey: Consumers Expect More Difficulties, … – more
  • IREPAS – Short Range Outlook – more
  • Empire State Manufacturing Survey – more
  • Manufacturers Sales – more

   Shanghai Metals Market

  • SHFE Stainless Steel  Futures (yuan) – more
  • SHFE Nickel Futures (yuan) – more
  • SHFE Inventory

    (updated each Friday)

    – more

  • Shanghai Jinchuan nickel price –  here

  London Metals Market

  • Yesterday’s LME official prices here 
  • Daily Metal Values – more  
  • LME nickel chart – here 

    Monday’s market review – Metals rise on dollar weakness, but trade jitters cap gains – Metals were mostly trading higher on the London Metals Exchange on Monday, supported by a weaker dollar, although … – more

   Taiwan to keep anti-dumping duties on China, South Korea stainless steel for 5 years – Taiwan will maintain anti-dumping duties on stainless steel from China and South Korea for five years, its finance ministry … – more

   China’s crude stainless steel production grows by 7.54% in 2024 – In 2024, China’s crude stainless steel production totaled 39.44 million tons, a year-on-year increase of 7.54%. The apparent consumption was … – more

   Tariff uncertainty sparks manufacturing anxiety, especially among small firms – Shifting foreign suppliers could become more difficult as the Trump administration continues to enact new widespread tariff policies. – more

   The US remained ArcelorMittal’s largest market in 2024 – In 2024, the United States remained the largest sales market for the global steel company ArcelorMittal, although sales in this area decreased by 5% … – more

 Electric vehicle adoption is stumbling, but still growing amid geopolitical clashes – Among his Day One executive orders, President Donald Trump declared that his administration would eliminate what he called … – more

   Courtesy AISI – In the week ending on March 15, 2025, domestic raw steel production was 1,667,000 net tons while the capability utilization rate was 74.9 percent. Production was 1,696,000 net tons in the week ending March 15, 2024, while the capability utilization then was 76.4 percent. – more

   Quick Reference and Comparison Guide – Difference Between Monel, Inconel, Incoloy, Hastelloy and Stainless Steel – more

   Other News

  • AI that can match humans at any task will be here in five to 10 years, Google DeepMind CEO says – more
  • What If Trump Is Serious About Annexing Canada? – more
  • Another tiny Pacific nation courts China for deep-sea mining riches – more

  Economic Stats and Prices (posted in Friday edition)

Why Stainless Steel

  • Alloyed for Lasting Value video – here
  • Self Repairing for Lasting Value video – here
  • 100 Years of Stainless Steel Video – here
  • Stainless steel: The role of nickel – here
  • The Life of Nickel – pdf here
  • The Journey of Nickel – video here
  • How is Stainless Steel Pipe Made – more
  •   Слава Україні! – more
  • Market Briefing – Commodity Prices – pdf here
  • ImportYeti (free) – search here
  • 5 Things You Need to Know about Class 1 & 2 and Intermediate Nickel (Transcript) – more