Stainless Steel News and Nickel Prices, Molybdenum, Metal Pricing, Ferrochrome
Daily Nickel/Stainless Steel Briefing
- Nickel closed Monday’s trading session at
$7.04/lb
($15,520/tonne). Indicators at 5:45 am CST today show nickel trading around $.08/lb 
lower. Stockpiles of nickel stored in LME licensed warehouses rose sharply on Monday and ended the day reading just over the 189,500 tonne level. Stockpile numbers have gained over 12,500 tonnes since last Monday. Shanghai nickel slipped to 123,730 y/t overnight. Nickel is trading lower this morning, something it has been doing for much of 2025, although it typically does not end as low as it drops early on. In fact there have been a few times, it opened lower but ended the day higher. Busy news day with Anglo American apparently getting out of the nickel business. Stay safe out there and have a great day! - Average price of LME traded cash nickel so far this month – $6.98/lb
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Reports
Shanghai Metals Market
Monday’s market review – Copper falls as short-covering evaporates – Copper prices fell on Monday after investors and traders completed rolling forward positions ahead of a contract expiry this week. – more
Jindal Stainless foresees benefits brought about by US new tariffs – Jindal Stainless, a leading stainless steel manufacturer in India, foresaw an opportunity from the US’ 25% tariffs on all steel and aluminum … – more
BIR World Mirror on Stainless Steel & Special Alloys – Quarterly Report February 2025 – A fresh chapter in the global tale of mounting protectionism has been written with the announcement of US import tariffs …. – more
Aperam’s stainless and electrical steel deliveries rebound in Q4 q-o-q – Aperam, a stainless steel manufacturer headquartered in Luxembourg, said its stainless and electrical steel deliveries rebounded by 2.6% … – more
Anglo American to sell nickel business for up to $500 million – Anglo American, opens new tab said on Tuesday it will sell its nickel business to a unit of Hong Kong-listed MMG Ltd, opens new tab for up to $500… – more
Miners not ‘losing sleep’ over Trump’s tariff threat, but hope it can resolve permit delays – Some Canadian miners say they won’t be “losing sleep” over the possibility of tariffs being levied by the United States on … – more
Indonesia amends mining law to boost access, support processing – Indonesia’s parliament on Tuesday passed a bill to revise the country’s mining law, aimed at boosting development of domestic mineral … – more
- The Nickel-based Industrial Paradox: Indonesian Resources, Chinese Profits – more
Matthieu Jehl appointed president of Outokumpu’s Stainless Europe Business Line – Outokumpu Corporation has announced the appointment of Matthieu Jehl as President of its Stainless Europe business line. – more
Ukraine’s Zelenskiy wants to discuss with US fate of minerals in areas held by Russia – Ukraine and the United States need to discuss the fate of mineral deposits in areas captured by Russia, Ukrainian President … – more
Courtesy AISI – In the week ending on February 15, 2025, domestic raw steel production was 1,670,000 net tons while the capability utilization rate was 75.0 percent. Production was 1,726,000 net tons in the week ending February 15, 2024, while the capability utilization then was 77.7 percent. – more
Other News
Economic Stats and Prices (posted in Friday edition)
Why Stainless Steel
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Слава Україні! – more