Stainless steel industry news

Rising demand for base metals key indicator of GCC growth - Emirates Business 24/7

Sat, 04 Jul 2009 14:29 GMT

Rising demand for base metals key indicator of GCC growth
Emirates Business 24/7
"As to the nickel market, for instance, stainless steel inventories have been declining in many regions since the second half of 2007 to extremely low ...

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MEPS sees price increase for stainless steel - SteelGuru

Fri, 03 Jul 2009 21:52 GMT

MEPS sees price increase for stainless steel
SteelGuru
The steady climb in the LME nickel figures has enabled suppliers to lift transaction values by applying their local mechanisms for accounting for variations ...

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Nickel prices hit the highest level in 9 months - SteelGuru

Fri, 03 Jul 2009 21:52 GMT

Nickel prices hit the highest level in 9 months
SteelGuru
This came amid signs of a recovery in stainless steel production, in which the base metal is a key ingredient. On the London Metal Exchange, nickel prices ...

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Asian stainless steel price on upward trends - SteelGuru

Thu, 02 Jul 2009 20:50 GMT

Asian stainless steel price on upward trends
SteelGuru
It is reported that stainless steel price enjoyed a pick up in Asia due to the low stock and soaring nickel price. Since the inquiries from Europe increased ...

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BHP Sells Yabulu Nickel Plant to Billionaire Palmer - Bloomberg

Thu, 02 Jul 2009 19:24 GMT

stv.tv

BHP Sells Yabulu Nickel Plant to Billionaire Palmer
Bloomberg
Global production of nickel, used to make stainless steel, may decline 12 percent from last year, Morgan Stanley said yesterday. “BHP's strategy is moving ...
BHP offloads Yabulu nickel factoryThe Age
BHP sells Yabulu refinery to PalmerSydney Morning Herald
Palmer buys Townsville BHP refineryABC Online
Business Spectator
all 55 news articles »

Refined nickel inventories reportedly low in Brazil - Steel Business Briefing (subscription)

Thu, 02 Jul 2009 18:08 GMT

Refined nickel inventories reportedly low in Brazil
Steel Business Briefing (subscription)
He says the main local buyer ArcelorMittal Inox Brasil - an integrated stainless steel producer - is currently purchasing refined nickel to be used in its ...

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Rebound in stainless steel demand may boost nickel prices - Purchasing.com

Thu, 02 Jul 2009 07:26 GMT

Rebound in stainless steel demand may boost nickel prices
Purchasing.com
Metals market analysts suggest that late second-half restocking of high-grade stainless steel mill products will boost nickel demand and prices, ...
Steel demand helps nickel extend its rallyFinancial Times
Stainless Steel Prices on The IncreaseAzom.com
Stainless Steel Producers Raise PricesFN Arena News
Steel Business Briefing (subscription)
all 5 news articles »

Philippine miner halts nickel project on weak prices - Reuters

Thu, 02 Jul 2009 00:57 GMT

Philippine miner halts nickel project on weak prices
Reuters
... May 2007 as demand from stainless steel producers had slumped due to the global downturn. The International Nickel Study Group expects the global nickel ...
DMCI shuts down nickel mineBusinessWorld Online
DMCI Holdings suspends mining operationsABS CBN News

all 6 news articles »

Steel demand helps nickel extend its rally - Financial Times

Wed, 01 Jul 2009 22:02 GMT

Steel demand helps nickel extend its rally
Financial Times
This came amid signs of a recovery in stainless steel production, in which the base metal is a key ingredient. The rise in nickel prices between April and ...

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Japan Hot Stocks-Bridgestone, Nissan, Pacific Metals - Forbes

Wed, 01 Jul 2009 21:48 GMT

Japan Hot Stocks-Bridgestone, Nissan, Pacific Metals
Forbes
Robust demand for good quality stainless steel is seen likely to sustain nickel prices towards the end of the year, due to needs to replenish consumer ...

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Japan Hot Stocks-Riso Kyoiku, Nissan, Pacific Metals - Forbes

Wed, 01 Jul 2009 20:54 GMT

Japan Hot Stocks-Riso Kyoiku, Nissan, Pacific Metals
Forbes
Robust demand for good quality stainless steel is seen likely to sustain nickel prices towards the end of the year, due to needs to replenish consumer ...

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Expect short-term pullback in nickel prices: Macquarie - Steel Business Briefing (subscription)

Wed, 01 Jul 2009 18:30 GMT

Expect short-term pullback in nickel prices: Macquarie
Steel Business Briefing (subscription)
Had nickel demand followed the estimated stainless steel production trend in the first months of the year, the apparent stock build-up would appear to be ...

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DMCI shuts down nickel mine - BusinessWorld Online

Wed, 01 Jul 2009 10:02 GMT

DMCI shuts down nickel mine
BusinessWorld Online
But demand for stainless steel, where nickel is a main raw material, went down after the quadrennial event. Nickel prices have gone down from a high of ...
DMCI Holdings suspends mining operationsABS CBN News

all 2 news articles »

Stainless Steel Prices on The Increase - Azom.com

Wed, 01 Jul 2009 08:43 GMT

Stainless Steel Prices on The Increase
Azom.com
Market fundamentals would suggest an orderly growth in price and consumption of stainless steel. Real demand is still weak in most countries. The nickel ...

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Tox-Free Solutions (TOX) $1.93 - The Australian

Wed, 01 Jul 2009 08:32 GMT

Tox-Free Solutions (TOX) $1.93
The Australian
At the same time, notes Shaw Stockbroking's Geoff Muers, stainless steel production (the main application for nickel) is at a nine-year low and stockpiles ...

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Tox-Free Solutions (TOX) $1.93 - NEWS.com.au

Wed, 01 Jul 2009 08:00 GMT

Tox-Free Solutions (TOX) $1.93
NEWS.com.au
At the same time, notes Shaw Stockbroking's Geoff Muers, stainless steel production (the main application for nickel) is at a nine-year low and stockpiles ...

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DMCI Holdings suspends mining operations - ABS CBN News

Wed, 01 Jul 2009 06:59 GMT

DMCI Holdings suspends mining operations
ABS CBN News
Nickel is primarily used in the production of stainless steel and other corrosion-resistant alloys. Nickel is also used in coins to replace silver, ...

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Taiyuan raises domestic stainless prices by RMB 300/t - Steel Business Briefing (subscription)

Tue, 30 Jun 2009 18:05 GMT

Taiyuan raises domestic stainless prices by RMB 300/t
Steel Business Briefing (subscription)
Nickel prices, which had driven price adjustments by Asia stainless steel producers, have strengthened in the past few days. Nickel prices on the London ...

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BUYINS.NET: SCHN, AGNC, IPI, ASBC, TNE, CAR. Abnormal Price ... - Trading Markets (press release)

Tue, 30 Jun 2009 09:16 GMT

BUYINS.NET: SCHN, AGNC, IPI, ASBC, TNE, CAR. Abnormal Price ...
Trading Markets (press release)
... torched and bundled scrap metal, and other purchased scrap metal; and nonferrous scrap metals, including aluminum, copper, stainless steel, nickel, ...

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First Point Minerals Acquires Four New Nickel Properties in ... - PR-USA.net (press release)

Tue, 30 Jun 2009 02:51 GMT

First Point Minerals Acquires Four New Nickel Properties in ...
PR-USA.net (press release)
This alloy is a naturally occurring stainless steel which is very magnetic, has a high specific gravity and does not oxidize or rust and can be much more ...

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France's Ugitech raises stainless prices by €100/tonne - Steel Business Briefing (subscription)

Mon, 29 Jun 2009 18:06 GMT

France's Ugitech raises stainless prices by €100/tonne
Steel Business Briefing (subscription)
French stainless steel producer Ugitech, together with its subsidiaries, is raising the base prices of all its products by €100/tonne for all new orders ...

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Billions of dollars down the tubes - Mineweb

Mon, 29 Jun 2009 10:24 GMT

Billions of dollars down the tubes
Mineweb
Nickel, next biggest base metal after zinc, most of which is used in the fabrication of stainless steel, attracted some of the biggest and most contested ...

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ANALYSIS-Stainless steel restocking to buoy nickel near end-09 - Forbes

Mon, 29 Jun 2009 07:12 GMT

ANALYSIS-Stainless steel restocking to buoy nickel near end-09
Forbes
LONDON, June 29 (Reuters) - Robust demand for good quality stainless steel should sustain nickel prices towards the end ...

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Stainless steel restocking to buoy nickel near end-09 - guardian.co.uk

Mon, 29 Jun 2009 05:59 GMT

Stainless steel restocking to buoy nickel near end-09
guardian.co.uk
LONDON, June 29 (Reuters) - Robust demand for good quality stainless steel should sustain nickel prices towards the end ...

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Nickel futures rise as demand picks up - Hindu Business Line

Mon, 29 Jun 2009 02:00 GMT

Nickel futures rise as demand picks up
Hindu Business Line
Marketmen said increased buying by speculators due to pick up in demand from stainless steel makers attributed ris e in nickel prices at futures market here ...

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Buy MCX nickel June contract above Rs 762: Kedia - Myiris.com

Mon, 29 Jun 2009 01:49 GMT

Buy MCX nickel June contract above Rs 762: Kedia
Myiris.com
Nickel is used in making stainless steel to improve the corrosion resistance. Nickel has touched a low of Rs 756.2 a kg after opening at Rs 759.5, ...

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Recycle old license plates at tax assessor's office - Austin American-Statesman

Sun, 28 Jun 2009 17:03 GMT

Recycle old license plates at tax assessor's office
Austin American-Statesman
Cen-Tex Plating, 509 E. St. Elmo Road, plates with copper, chrome nickel and brushed nickel and polishes silver, brass, aluminum and stainless steel. ...

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Gold struggling to retain investor interest - Hindu Business Line

Sun, 28 Jun 2009 12:41 GMT

Gold struggling to retain investor interest
Hindu Business Line
Nickel prices have spurted to over $15400/t primarily because of improvement in stainless steel buying. It is debatable if current prices are sustainable. ...

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China's nuclear plans - The Australian

Sun, 28 Jun 2009 09:02 GMT

China's nuclear plans
The Australian
Foster is also worried about China halting its nickel-buying effort. But the real concern for the broker is what it sees as weak stainless steel ...

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Nickel rises on signs of steel sector revival, weak dollar - Economic Times

Sat, 27 Jun 2009 14:49 GMT

Nickel rises on signs of steel sector revival, weak dollar
Economic Times
Nickel is used in making stainless steel to improve the corrosion resistance. Going forward analysts expect the upside to be capped as they feel that ...

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