News archive

Press Release: KMR Stainless Holding B.V. successfully closed EUR 100m Revolving Borrowing Base Facility

News - 20 Jul 10

File: Press Release: Oryx Stainless / HSBC Trinkaus & Burkhardt AG

The sandwich dilemma

News - 16 Jun 10

In the second half of May on the London Metal Exchange (LME), nickel prices stabilised within a tight range of USD 21,000.00/mt on the downside and USD 22,000.00/mt on the upside after the expected correction set in to counteract the totally oversold move. This consolidation was more than overdue to let the previous dynamic move in prices be put into perspective. Towards the end of the month the imbalanced state of affairs had normalised sufficiently enough for some technical indicators to even show some pointers for a short term break out of the trading range.

read more

Fodder for the media

News - 18 May 10

In consequence of the hysteria about Greece, both the financial and commodity markets have made clear corrections with the commodities moving the most. Copper prices dropped from just over USD 8,000.00/mt to below USD 6,500.00/mt. Without any change to fundamental data, nickel fell from USD 27,000.00/mt to below USD 21,000.00/mt.

read more

Stainless steel industry: Intelligent recycling of stainless steel scrap to reduce CO2

News - 03 May 10

A study by Fraunhofer Institute Umsicht on behalf of Oryx Stainless Group

read more

Commodity diplomacy instead of commodity protectionism

News - 20 Apr 10

It is not quite four weeks since the last publication. On the 23rd March 2010 the quote for 3 months nickel was still at USD 22,390.00/mt. In the meantime it has risen to levels over USD 27,500.00/mt, which is a rise of 22.82%. At the moment the metal is trading around USD 26,000.00/mt. It is presumed that this correction has been caused by the reaction of the financial markets to the SEC (the American Securities Exchange Commission) filing a civil charge of fraud against the investment bank Goldman Sachs.

read more