Raw Steels MMI Receives a Much-Needed Reprieve, Finishes the Month Flat

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Steel held its price for the first time in seven months, breaking a string of losses that most market observers expected would continue.

The monthly Raw Steels MMI® registered a value of 60 in April, on par with March’s value.

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Continuing low prices for iron ore and a generally weak scrap market are causing a deflationary spiral for most grades of steel.

Low Prices, Lower Demand

Steel prices fell sharply during the first quarter and our steel index got a much-needed breather.

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