Category: Stainless

Stainless MMI: Stainless prices beneath peak but remain bullish

The Stainless Monthly Metals Index (MMI) rose by four points month over month. Nickel continues to be within an overall uptrend. However, LME prices experienced significant volatility throughout October. Prices dropped as low as $17,810/mt in the early…

The Stainless Monthly Metals Index (MMI) rose by four points month over month. Nickel continues to be within an overall uptrend. However, LME prices experienced significant volatility throughout October. Prices dropped as low as $17,810/mt in the early days of the month before they spiked to $20,475/mt by Oct. 21. Prices have since retraced and...

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Week in Review: Aluminum prices remain elevated; power costs weigh on metals producers; IEA releases World Energy Outlook

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including aluminum prices, rising power costs and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner…

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Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including aluminum prices, rising power costs and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner...

The post Week in Review: Aluminum prices remain elevated; power costs weigh on metals producers; IEA releases World Energy Outlook appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Stainless MMI: Index declines for first time in five months

The Stainless Monthly Metals Index (MMI) fell by 1.9% for this month’s reading. Do you know the five best practices of sourcing metals, including stainless steel? Base price and surcharge increases North American Stainless (NAS) increased 304, 304L and 316L effective Oct. 1 by reducing the discount by two points. For 304, this is an…

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The Stainless Monthly Metals Index (MMI) fell by 1.9% for this month’s reading. Do you know the five best practices of sourcing metals, including stainless steel? Base price and surcharge increases North American Stainless (NAS) increased 304, 304L and 316L effective Oct. 1 by reducing the discount by two points. For 304, this is an...

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Solid stainless production drives nickel price

When Chinese steel group Tsingshan announced its Indonesian nickel operations would supply matte — a form of the metal used only for stainless steel production — to battery makers back in February, the news undercut the narrative that only refined nickel would be sufficiently high grade for the electric vehicle sector. The price proceeded to…

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When Chinese steel group Tsingshan announced its Indonesian nickel operations would supply matte — a form of the metal used only for stainless steel production — to battery makers back in February, the news undercut the narrative that only refined nickel would be sufficiently high grade for the electric vehicle sector. The price proceeded to...

The post Solid stainless production drives nickel price appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Stainless MMI: Stainless producers announce base price hikes

The Stainless Monthly Metals Index (MMI) remained flat for this month’s reading. Are you under pressure to generate stainless steel cost savings? Make sure you are following these five best practices.  Base price and surcharge increase Both NAS and Outokumpu announced price increases effective Sept. 1. Outokumpu increased base prices by reducing the discount by…

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The Stainless Monthly Metals Index (MMI) remained flat for this month’s reading. Are you under pressure to generate stainless steel cost savings? Make sure you are following these five best practices.  Base price and surcharge increase Both NAS and Outokumpu announced price increases effective Sept. 1. Outokumpu increased base prices by reducing the discount by...

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Stainless demand drives nickel prices

It is reassuring to see a metal price driven by good old fundamentals. With so much buzz around supercycles and electrification, the impact of the speculative element in pricing has been much in evidence this year for products like copper and oil. But …

It is reassuring to see a metal price driven by good old fundamentals. With so much buzz around supercycles and electrification, the impact of the speculative element in pricing has been much in evidence this year for products like copper and oil. But according to a recent Reuters post, solid supply and demand fundamentals are...

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Stainless MMI: ATI, USW reach tentative agreement to end strike

The Stainless Monthly Metals Index (MMI) increased by 2.1% for this month’s reading. Are rising surcharges causing concern? Make sure your base prices are held fixed. See how service centers negotiate with you. Nickel pig iron replacement As steel prices continue to rally, stainless steel producers in China seem to be saving costs by replacing…

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The Stainless Monthly Metals Index (MMI) increased by 2.1% for this month’s reading. Are rising surcharges causing concern? Make sure your base prices are held fixed. See how service centers negotiate with you. Nickel pig iron replacement As steel prices continue to rally, stainless steel producers in China seem to be saving costs by replacing...

The post Stainless MMI: ATI, USW reach tentative agreement to end strike appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Stainless MMI: Stainless steel demand expected to keep increasing

The Stainless Monthly Metals Index (MMI) increased by 4.3% for this month’s reading, as stainless steel demand is likely to continue to grow in the years ahead. Do you know the five best practices of sourcing metals, including stainless steel? Increasing stainless steel production, demand According to the International Stainless Steel Forum (ISSF) data, stainless…

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The Stainless Monthly Metals Index (MMI) increased by 4.3% for this month’s reading, as stainless steel demand is likely to continue to grow in the years ahead. Do you know the five best practices of sourcing metals, including stainless steel? Increasing stainless steel production, demand According to the International Stainless Steel Forum (ISSF) data, stainless...

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Stainless MMI: ATI strike continues into seventh week

The Stainless Monthly Metals Index (MMI) increased by 7.0% for this month’s reading, as the ATI strike entered its seventh week this week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues In late March, the United Steelworkers union announced a strike at nine Allegheny Technologies Inc. (ATI) facilities….

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The Stainless Monthly Metals Index (MMI) increased by 7.0% for this month’s reading, as the ATI strike entered its seventh week this week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues In late March, the United Steelworkers union announced a strike at nine Allegheny Technologies Inc. (ATI) facilities....

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Stainless MMI: Strike continues at ATI; nickel price plunges then stabilizes

The Stainless Monthly Metals Index (MMI) dropped by 10.4% for this month’s reading, as the ATI strike continues into its third week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues The United Steelworkers union’s strike at nine Allegheny Technologies Inc. (ATI) facilities continues into its third week…

The post Stainless MMI: Strike continues at ATI; nickel price plunges then stabilizes appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The Stainless Monthly Metals Index (MMI) dropped by 10.4% for this month’s reading, as the ATI strike continues into its third week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues The United Steelworkers union’s strike at nine Allegheny Technologies Inc. (ATI) facilities continues into its third week...

The post Stainless MMI: Strike continues at ATI; nickel price plunges then stabilizes appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.