Nickel drives stainless prices, even as LME stocks rise

Stainless steel producers have been caught in a pincer movement over the last year of rising nickel prices but falling demand. It is a counterintuitive situation until you factor in China’s stainless production. Chinese output rose by 4% in the third quarter of last year compared to the rest of the world, which fell by…

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Stainless steel producers have been caught in a pincer movement over the last year of rising nickel prices but falling demand. It is a counterintuitive situation until you factor in China’s stainless production. Chinese output rose by 4% in the third quarter of last year compared to the rest of the world, which fell by...

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Stainless MMI: Base prices, surcharges continue to increase

The Stainless Monthly Metals Index (MMI) increased by 4.5%, as stainless flat rolled base prices continue to move upward due to extended lead times and limited domestic capacity (following a similar trend with steel prices). Stainless steel producers r…

The Stainless Monthly Metals Index (MMI) increased by 4.5%, as stainless flat rolled base prices continue to move upward due to extended lead times and limited domestic capacity (following a similar trend with steel prices). Stainless steel producers raise prices Stainless steel producers North American Stainless (NAS) and Outokumpu announced price increases effective for February...

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Bullish China stainless steel market expected to continue in 2021

Stainless steel prices in Asia have plateaued for now. But most suggest this is a temporary slowdown in advance of the Chinese New Year holidays. Thereafter, the market is likely to continue its relentless rise of the last two years. China stainless steel market ramps up output According to ArgusMedia, China’s production, imports and consumption…

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Stainless steel prices in Asia have plateaued for now. But most suggest this is a temporary slowdown in advance of the Chinese New Year holidays. Thereafter, the market is likely to continue its relentless rise of the last two years. China stainless steel market ramps up output According to ArgusMedia, China’s production, imports and consumption...

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Stainless MMI: Top producer South Africa proposes chrome export tax

The Stainless Monthly Metals Index (MMI) increased by 5.3% for this month’s index value, as this month we touch on Chinese stainless production, South Africa’s proposed chrome export tax and more. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you.  Chinese stainless steel market The…

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The Stainless Monthly Metals Index (MMI) increased by 5.3% for this month’s index value, as this month we touch on Chinese stainless production, South Africa’s proposed chrome export tax and more. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you.  Chinese stainless steel market The...

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Stainless MMI: U.S. stainless imports surge as surcharges move up again

The Stainless Monthly Metals Index (MMI) decreased by 3.8% for this month’s index value, as U.S. stainless imports surged last month. Do you know the five best practices of sourcing metals, including stainless steel? U.S. stainless imports rise 76% The U.S. Department of Commerce reported the U.S. imported a total of 91,600 metric tons of…

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The Stainless Monthly Metals Index (MMI) decreased by 3.8% for this month’s index value, as U.S. stainless imports surged last month. Do you know the five best practices of sourcing metals, including stainless steel? U.S. stainless imports rise 76% The U.S. Department of Commerce reported the U.S. imported a total of 91,600 metric tons of...

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MetalMiner models shed light on the challenge of determining what products ‘should cost’

How much should your metals buy cost? It’s a simple question that doesn’t always have a simple answer — or, at the very least, an answer that’s easy to get. MetalMiner’s “should-cost” models aim to cut through the confusion and give buyers concrete ideas of what the products they’re buying should be costing them. The…

The post MetalMiner models shed light on the challenge of determining what products ‘should cost’ appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

How much should your metals buy cost? It’s a simple question that doesn’t always have a simple answer — or, at the very least, an answer that’s easy to get. MetalMiner’s “should-cost” models aim to cut through the confusion and give buyers concrete ideas of what the products they’re buying should be costing them. The...

The post MetalMiner models shed light on the challenge of determining what products ‘should cost’ appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Stainless MMI: Stainless steel surcharges rise for fourth straight month

The Stainless Monthly Metals Index (MMI) increased by 11.3% for this month’s index value, as stainless steel surcharges rose for a fourth consecutive month. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you. Stainless steel surcharges continue to increase Stainless alloy surcharges are rising for…

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The Stainless Monthly Metals Index (MMI) increased by 11.3% for this month’s index value, as stainless steel surcharges rose for a fourth consecutive month. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you. Stainless steel surcharges continue to increase Stainless alloy surcharges are rising for...

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China’s relentless march to global stainless steel dominance

The headline sounds somewhat melodramatic. But the numbers laid out in the World Bureau of Metal Statistics’s annual stainless steel report suggest the reality is not far from it. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you.  Domination of the stainless sector Asia in…

The post China’s relentless march to global stainless steel dominance appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The headline sounds somewhat melodramatic. But the numbers laid out in the World Bureau of Metal Statistics’s annual stainless steel report suggest the reality is not far from it. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you.  Domination of the stainless sector Asia in...

The post China’s relentless march to global stainless steel dominance appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Week in Review: MMI Week; housing starts; price support for zinc, copper, lead

This week, we wrapped up our Monthly Metals Index (MMI) series for the month, including coverage of the renewables sector, stainless steel surcharges and steel demand in China. Furthermore, MetalMiner’s Stuart Burns delved into supply-side impacts on lead, copper and zinc. In other economic indicators, U.S. housing starts surged in July — a bright spot…

The post Week in Review: MMI Week; housing starts; price support for zinc, copper, lead appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This week, we wrapped up our Monthly Metals Index (MMI) series for the month, including coverage of the renewables sector, stainless steel surcharges and steel demand in China. Furthermore, MetalMiner’s Stuart Burns delved into supply-side impacts on lead, copper and zinc. In other economic indicators, U.S. housing starts surged in July — a bright spot...

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Revamped MetalMiner metals pages highlight track record, ‘should-cost’ prices

If you’ve visited MetalMiner recently, you might have noticed some changes to our aluminum, carbon steel and stainless steel price landing pages. The pages can be found from the homepage’s top menu under “Metal Prices.” As of this month, visitors to these pages can now find a modified, interactive price chart modeling the LME three-month…

The post Revamped MetalMiner metals pages highlight track record, ‘should-cost’ prices appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

If you’ve visited MetalMiner recently, you might have noticed some changes to our aluminum, carbon steel and stainless steel price landing pages. The pages can be found from the homepage’s top menu under “Metal Prices.” As of this month, visitors to these pages can now find a modified, interactive price chart modeling the LME three-month...

The post Revamped MetalMiner metals pages highlight track record, ‘should-cost’ prices appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.