December 23rd 2013
Base metals prices finished the last week in the green, with prices remaining steady going into the week of Christmas. An upbeat US final GDP announced on Friday also aided markets across the board, with stock rallying high into the year end and metal going strong in a traditionally lull period of the year.
December 5th 2013
Furthering its mission to help automakers meet stringent fuel economy requirements, the Steel Market Development Institute’s (SMDI) Automotive Applications Council unveiled the results of its lightweight steel twist beam study today.
May 1st 2013
With a 1.0 percent increase over the past day, the spot price of nickel was the biggest mover on the LME, closing at $15,280 per metric ton on Monday, April 29. On the LME, the 3-month price of nickel rose 0.8 percent to $15,350 per metric ton.
February 13th 2013
The early indications of a recovery of the US Economy and the hopes triggered by the surprisingly positive Chinese trade data had taken the copper prices to new highs in early February. The March Copper Futures on the Comex division of the New York Mercantile Exchange clocked the high point of $3.7820 a pound. Since then, copper along with other base metals has taken a hit.
February 6th 2013
Carmakers around the globe have hinted at the increased use of aluminium in place of the heavier steel. The use of aluminum is reported to enhance the fuel efficiency of the vehicle and make the vehicle more lighter.
January 2nd 2013
Japan's ferrous scrap exports reached 735,211 metric tons (mt) in November this year, advanced 19.3% year-on-year and declined by 7.4% month-on-month, as per the latest statistics released by Japan's Ministry of Finance.