Stainless Steel News, Daily Nickel Price, Molybdenum, Ferrochrome, Metal Pricing, Stainless Steel Scrap Prices
Daily Nickel/Stainless Steel Briefing
- Nickel closed Monday’s trading session at
$8.53/lb
($18,800/tonne). Indicators at 5:40 am CST today show nickel trading unchanged 
. Stockpiles of nickel stored in LME licensed warehouses also went unchanged on Monday and remain just above the 42,200 tonne level. Shanghai remains closed for a holiday break. It’s Tuesday and apparently unchanged from yesterday.Stay safe out there and have a great day! - Average price of LME traded cash nickel so far this month – $8.40/lb
|
|
|
Reports
Shanghai Metals Market
Monday’s market review – Resilient China demand, stocks propel aluminium to five-month peak – Aluminium prices hit five-month highs on Monday as the market factored in resilient demand in top consumer China, …. – more
Walsin Lihwa maintains stainless steel wire rod prices for Oct – Walsin Lihwa, a stainless steel wire rod and cable manufacturer in Taiwan, maintained the price of its stainless steel wire rods for various steel grades for October. – more
U.S. optimistic it will reach critical minerals deal with EU – The United States is optimistic it will conclude an agreement with the European Union to allow critical minerals mined or processed in Europe to qualify for U.S. clean vehicle tax breaks, a senior U.S. official said on Monday. – more
ZimAlloys to restart idled furnaces – Zimbabwe Alloys (ZimAlloys) to restart ferrochrome production in October following a ~US$40M injection to revive the company. – more
Aperam launches new sustainability brand for net zero footprint stainless steel – According to a press release from Aperam, a Belgian-French stainless steel manufacturer, the company has launched a new sustainability brand called ….. – more
Russia’s stainless steel imports rise in Aug m-o-m, y-o-y – According to statistics released by the Russian Special Steel and Alloys Consumers and Suppliers Association (SpetsStal Association), Russia imported around 53,000 tons of stainless steel in August …. – more
The Belarusian Steel Plant plans to significantly increase steel production – BMZ expects to increase steel production in 2023 by 15% to 2.3 million tons. – more
Courtesy AISI – In the week ending on September 30, 2023, domestic raw steel production was 1,722,000 net tons while the capability utilization rate was 75.7 percent. Production was 1,684,000 net tons in the week ending September 30, 2022 while the capability utilization then was 76.4 percent. – more
Other News
- Vietnam could buy the F-16 Block 70/72, the newest and most advanced Viper production configuration – more
Economic Stats and Prices (posted in Friday edition)
Why Stainless Steel
|