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

  Daily Nickel/Stainless Steel Briefing 

• Nickel closed Thursday’s trading session at

  $7.39/lb

  ($16,300/tonne). Indicators at 5:45 am CST today show nickel trading around $.08/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started today reading just shy of the 200,700 tonne level. Shanghai nickel rose to 129,190 y/t overnight. LME finally got a slap on the wrist in the form of a fine for its lack of involvement in the March 2022 nickel price surge. Stay safe out there and have a great weekend!

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

Reports Reuters metals morning – Copper dips as stronger dollar weighs….. – more Refinitiv Inside Commodities – pdf here SMM Daily Comments – not posted Sucden Daily Base Metals – more India Daily Stainless Report – more ING The Commodities Feed – daily here U.S. Stainless Steel Scrap Prices  – more U.S. Import and Export Price Indexes – Feb 2025 – pdf here

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

    Thursday’s market review – London copper hits five-month high breaking above $10,000/t mark – London copper prices hit a five-month high on Thursday breaking above a major psychological mark of $10,000 … – more

   UK watchdog fines London Metal Exchange over handling of 2022 nickel crisis –  Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three  .. – more

• FCA fines LME £9.2 million for failings during nickel crisis – more
• Final Notice – pdf here

  Turkey’s stainless steel flat steel imports grow in Jan y-o-y – According to data from the Turkish Statistical Institute (TUIK), Turkey imported 52,000 tons of stainless steel flat steel in January, increasing by 40% … – more

   India: Ferro chrome prices remain stable; OMC chrome ore auction receives soft response – Indian high-carbon ferro chrome (HC60%, Si:4%) prices remained largely stable, inching down slightly by INR 350/t ($4/t) … – more

   How Donald Trump’s tariffs are wreaking chaos in the British metal industry – Over the preceding weeks, Marcegaglia, the stainless steel company whose long products division he headed up, had rushed to melt … – more

   Sudbury, Ont., mayor not phased over what tariffs could mean for nickel mining – Sudbury’s mayor says he’s not worried that an ongoing trade war between Canada and the United States will hurt the city’s nickel …. – more

   Other News

• Trump invokes emergency powers to expand critical mineral production – more
• Finland ranked happiest country in the world. The U.S. falls to its lowest-ever position – more

  Economic Stats and Prices (posted in Friday edition)

U.S. Steel Import Monitor – here SIMA Melt & Pour Dashboard – here US Economy At a Glance – more US Economic Indicators – more US Economic Activity – (every Monday) – pdf here US Fed NY Weekly Economic Index – more FX Street Economic Calendar – more U.S. Treasury Yield Curve – more	Iron Ore Price Graph – 1  2  3  India MCX Nickel Price – more Baltic Dry Index – chart COVID By The Numbers – here How is your state faring? – more What time is it in….? – more Euro/US Dollar chart – here
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