Trends - Stainless steel - Business Recorder

Stainless steel

China, Indonesia face deeper output cuts to tackle nickel price slide

LONDON: China and Indonesia are set to reduce nickel output by at least 100,000 metric tons this year as producers...

Published 13 Feb, 2024 05:59am

Markets

Dalian iron ore edges up on rising demand hopes

MANILA: Dalian iron ore futures edged up on Monday, extending gains to a fourth consecutive session, as hopes of...

Published 21 Feb, 2023 05:57am

Markets

Iron ore futures firmer

MANILA: Dalian and Singapore iron ore futures were slightly firmer in another range-bound session on Thursday as...

Published 17 Feb, 2023 06:00am

Markets

Dalian iron ore sets contract high on demand optimism

MANILA: Dalian iron ore futures extended gains after a week-long Lunar New year holiday in China, climbing more than...

Published 31 Jan, 2023 06:01am

Markets

Iron ore futures drop

MANILA: Benchmark iron ore futures fell in volatile trade on Wednesday, as COVID-19 disruptions and lingering...

Published 05 Jan, 2023 05:58am

Markets

Iron ore futures rise as China restocking demand lifts spot prices

MANILA: Dalian and Singapore iron ore futures advanced on Thursday, as restocking demand underpinned spot prices in...

Published 12 Aug, 2022 05:44am

Opinion

‘Black swan’ LME nickel chaos shows regulators still missing market risks

Last month’s chaos in London Metal Exchange nickel trading has shone a light on the failure of a core reform from...

Published 14 Apr, 2022 04:55am

Markets

Shanghai stainless steel shines, but Dalian iron ore falters

MANILA: Chinese stainless steel futures jumped to their highest in more than three months on Wednesday, boosted by...

Published 17 Feb, 2022 06:37am

Markets

Shanghai stainless steel shines, but Dalian iron ore falters

Chinese stainless steel futures jumped to their highest in more than three months on Wednesday, boosted by high ...

Published 16 Feb, 2022 09:49am

Markets

Iron ore rises on China stimulus; stainless steel tracks record nickel prices

BEIJING: Iron ore pushed higher on Thursday on expectations of further monetary easing measures in top steel ...

Published 21 Jan, 2022 05:27am

Markets

China stainless steel futures jump on supply woes, robust nickel

BEIJING: Chinese stainless steel futures surged more than 5% on Tuesday, boosted by tight supply concerns as...

Published 12 Jan, 2022 04:25am

Markets

China July refined nickel output down 13.4pc m/m

ANTAIKE: China’s refined nickel output in July fell 13.4% month on month as top smelter Jinchuan Group carried out...

Published 12 Aug, 2021 04:34am

Markets

Booming stainless steel output to sustain nickel prices

LONDON: Healthy demand from stainless steel mills and electric vehicle battery makers is expected to underpin nickel...

Published 27 Jul, 2021 04:40am

Markets

Shanghai stainless steel hits record high

BEIJING: Chinese stainless steel futures surged more than 6% to an all-time high on Friday propped up by strong...

Published 17 Jul, 2021 04:21am

Markets

China’s metal imports from Myanmar show trade contortions

BEIJING: Chinese trade data gave a mixed snapshot of neighbour Myanmar’s ability to keep up metal shipments in...

Published 22 Apr, 2021 03:55am

Business & Finance

China's Tsingshan signs pacts for 100,000 T nickel matte in EV push

Chinese firms have been stepping up their focus on EVs in the world's biggest market for such vehicles, as Beijing heavily promotes greener vehicles as a means of reducing chronic air pollution.

Published 03 Mar, 2021 10:33am

Markets

Shanghai stainless steel futures jump

BEIJING: Stainless steel futures on the Shanghai Futures Exchange jumped as much as 3% on Tuesday, gaining for a...

Published 28 Jan, 2021 04:40am

Markets

Dalian iron ore futures inch up on restocking outlook, steel profits

China reported its biggest daily jump in new COVID-19 cases in more than 10 months for Jan.13, underscoring the growing threat ahead of a major national holiday.

Published 14 Jan, 2021 09:21am

Markets

Shanghai stainless steel gains amid firm demand, high raw material prices

Spot prices of iron ore with 62% iron content for delivery to China rose by $0.5 to $171.5 per tonne on Tuesday, according to SteelHome consultancy.

Published 13 Jan, 2021 10:19am

Markets

Shanghai stainless steel scales 3-week high on firm demand, nickel's surge

Iron ore's February contract on the Singapore Exchange dropped 1.8% to $160.79 a tonne.

Published 06 Jan, 2021 01:20pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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