Category Archives: Nickel

Raw Material Pricing – Party like it’s 1999

Remember that old Prince hit?I was dreamin’ when I wrote thisForgive me if it goes astrayBut when I woke up this mornin’Coulda sworn it was judgment day As I was doing the research for this article, that tune kept going … Continue reading

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Metals tumble on rising LME stocks

Yahoo! Malaysia News Industrial metals lead, zinc and tin fell sharply on Thursday, hit by waning demand and rising stockpiles in warehouses. While zinc is certainly down from recent highs (as much as $2 in December/January 06/7) to “only” a … Continue reading

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Copper drops, but not as much as you might think (or wish for)

For an amusing hour or so yesterday, Kitco, my favorite metals reporting web site, was claiming that Copper had dropped a dollar to $2 and change. It must have been a reporting glitch, because later the metal went back up … Continue reading

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Nickel Pricing forecast for the short and medium term

From: MEPS Nickel prices moved lower in July as they fell further into their deep descent. The July monthly average is set to be around $US8,500 per tonne lower than June’s figure. Values are now forecast to go below the … Continue reading

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STAINLESS STEEL PRICES IN TURMOIL AFTER COLLAPSE OF NICKEL ON LME

From MEPS, a steel-supplier-side news service, but important for us steel consumers too. Western stainless steel producers of strip mill products have temporarily abandoned their traditional basis plus surcharge mechanism for selling their material. Most EU and US mills are … Continue reading

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Material Prices

It’s been a while since I reported on material pricing. At the end of May, there were reports of a fall in copper prices. Well, yes and no. Copper hit a high of about $3.75 US at the beginning of … Continue reading

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STAINLESS STEEL PRODUCERS SET TO ACTIVELY PROMOTE NICKEL-FREE GRADES

The question becomes, will end use customers accept the new materials? Will they form similarly enough that they can be used with existing tooling? Or will jobs need to be retooled? Our experience with one these grades (409) was that … Continue reading

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Copper Heads for Largest Weekly Drop in 3 Months

Bloomberg.com Copper headed for its largest weekly decline in three months in London on speculation that demand growth will slow in China, the world’s biggest user. Nickel and zinc rose. China’s copper imports probably slowed in April, said analysts including … Continue reading

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Korean firm introduces nickel-free stainless steel

The Toronto Star Posco, the world’s fourth-largest steel maker, will raise output of a nickel-free stainless steel fivefold next year as the price of nickel has hit a record. Posco plans to sell 10,000 tonnes a month of the steel, … Continue reading

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Material Pricing

Here’s a brief update on material pricing. Zinc has now fallen from the $2 US/lb that it was late last year to about $1.50 US now. However, many platers buy zinc on contract, and so until their contracts run out, … Continue reading

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