Economies.com provides the Steel Price Today. Through this page of Steel futures rate you may get the High, Low, Open, Close and Change. You may as well read news and analysis for trading Steel by clicking on the tabs.
Nickel prices rallied on Wednesday as the dollar lost ground against most major rivals, while analysts assess the state of supplies. A delay in the release of smelters data stoked concerns of tightened supplies, which underpinned prices in recent months. Nickel is mainly used in stainless steel production and EV...
Minerals were mixed on Wednesday with nickel prices declining amid expectations of increased supplies, while copper prices scaled seven-month highs after Chinese smelters agreed to cut production. Copper three-month futures at the London Metals Exchange touched $8799 a tonne, the highest since August 2023, trading 1.6% higher. Copper scaled two-year...
Nickel prices fell on Wednesday after Indonesia said it’s preparing to sell more mining shares to investors, which would increase supplies. Nickel three-month futures at the London Metals Exchange fell 0.6% yesterday to $17,060 a tonne. Nickel March futures fell 1.5% on Tuesday at the Shanghai Futures Exchange to 132,430...
Nickel prices rose in Shanghai by over 3% on Thursday to a three-week high amid concerns about potential US sanctions on Russia that could hurt supplies. Nickel March futures at the Shanghai Futures Exchange closed 3.2% higher at 131,320 yuan per tonne, scaling January 29 highs. Nickel three-month futures at...
Nickel prices fell on Wednesday amid growing pressures on most industrial metals as traders sell futures extensively following bullish US inflation data, which paved the way for an extended duration of high interest rates. Copper three-month futures at the London Metals Exchange fell 0.3% to $8233.50 a tonne. Earlier US...
Nickel prices fell on Wednesday as the dollar lost ground against most major rivals, reducing pressure on commodities and industrial metals. Fed Chair Jerome Powell said in a Sunday interview that he expects only three Fed rate cuts this year, and he doesn’t expect a cut in March. Minneapolis Fed...
Nickel prices fell on Wednesday following Weak industrial data from China, while analysts await the crucial Federal Reserve’s policy decisions today. Earlier Chinese data showed manufacturing activities shrank for the fourth straight month in January, and it’s expected the manufacturing sector will grow by only 3% this year. However, prices...
Nickel prices rose on Wednesday as the dollar slipped against most major rivals ahead of more data. Later today, initial US data on GDP growth and consumer spending will be released, crucial in gauging the likely path ahead for US policies. Investors are also focusing on corporate quarterly results, and...
Most industrial metals lost ground on Thursday even as dollar reversed lower amid uncertainty about the time line of interest rate cuts in 2024. Copper three-month futures fell 0.3% to $8495 a tonne at the London Metals Exchange, while February copper futures fell 0.3% at the Shanghai exchange. Dollar gained...
Nickel prices declined on Wednesday as the dollar gained ground against most major rivals ahead of 2023. Traders continue to monitor dollar's movements as traders sell the greenback on bets the Federal Reserve will cut interest rates in early 2024. At the London Metals Exchange, aluminium prices rose 0.2% to...
Nickel prices rose on Wednesday as the dollar loses ground against major rivals while markets assess the impact of Chinese data. Recently, an agreement was reached between global mine workers and Chinese refineries to cut down the fees of processing and refining copper in 2024. Such developments could underpin copper...
Copper prices fell on Wednesday as the dollar gained ground amid concerns about the Chinese economy, the world's largest metals consumer, while nickel extended gains. Panama's president said the Cobre Panama copper mine will be closed for the time being, which is alone responsible for 1% of global production, after...
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