The use of AI for metal purchasing companies has value. Black-box answers do not. With that said, what services does MetalMiner offer based on AI usage? First, one must understand that skepticism toward AI is not the issue. Skepticism toward unexplained answers is. That distinction matters in metals procurement. Finance leaders and procurement leaders do […]
Tag: Stainless Steel
Top Metal Price Forecasting Tools: What Successful Teams Do Differently
The best metal buying teams are not flashy. They are disciplined. So what are the top metal price forecasting tools? They are the ones that clearly define exposure and price risk, follow a calculated process, and make decisions before markets force their hand. Over time, that discipline matters more than any single metal buy. Historical […]
Stainless MMI: Stainless Mill Hold Prices Ahead of Contracting
The Stainless Monthly Metals Index (MMI) showed little volatility during the month as all of its elements, including nickel prices, moved sideways. This translated to an overall 0.12% increase from September to October. U.S. Stainless Steel Prices, Market Holds Flat U.S. stainless prices maintained their sideways trend as mills continued the base price increases instituted […]
Stainless MMI: Stainless Mills Hold Prices Ahead of Contracting
The Stainless Monthly Metals Index (MMI) moved sideways, with a modest 1.69% increase from August to September. Interested to learn how stainless steel sourcing companies and food equipment manufacturers reduce procurement costs? Opt into MetalMiner’s free weekly newsletter. U.S. Stainless Steel Prices Flat in August U.S. stainless steel prices moved sideways during August. Since their […]
Stainless MMI: Mills Secure Price Increases Despite Weak Demand
The Stainless Monthly Metals Index (MMI) moved sideways, but the downside bias continued. Overall, the index fell 0.9% from June to July. Meanwhile, nickel prices continued their slow slide downward. Mill Price Hikes Hold June brought in a wave of price hikes from U.S. mills. NAS led the market, issuing possibly its largest ever increase […]
Stainless MMI: Stainless Market Extends Slump as Reciprocal Tariffs Spare Steel
The Stainless Monthly Metals Index (MMI) remained sideways, with an upside bias. Meanwhile, nickel prices dropped to lows last seen in 2020. Overall, the index rose by 2.16% from March to April. Buyers Hold Back from Stainless Market The U.S. stainless steel market remains lackluster. While March witnessed a modest increase in shipments, some suppliers […]
Historical Price Trends for Industrial Metals Over the Past Decade
Over the last ten years, industrial metal prices have gone on a wild ride, rising, falling and rising again, thanks to everything from global economic swings to supply chain hiccups and geopolitical drama. If you’re in manufacturing, investing, or policy, keeping tabs on these price trends isn’t just helpful, it’s essential. Steel Historical Price Trends […]
Stainless MMI: Outokumpu Cuts Discounts, Nickel Prices Rise
The Stainless Monthly Metals Index (MMI) remained sideways, supported by modest increases among most of its components. The index rose by a modest 0.56% from February to March. Meanwhile, nickel prices continued their uptrend. Outokumpu Reduces Stainless Steel Discounts Outokumpu closed out February announcing reductions to a number of stainless steel discounts. Beginning March 1, […]
Stainless MMI: Stainless Market Remains Slow Despite Tariffs
The Stainless Monthly Metals Index (MMI) remained sideways, but continued to slide. Overall, the index fell by 0.72% from January to February as nickel prices remained consolidated. Bearish Conditions Continue to Haunt 304 Stainless The chaos of tariffs was seemingly lost on large portions of the stainless steel market. For many, the return of a […]
Stainless MMI: Indonesia Looks to Support Nickel Prices
The Stainless Monthly Metals Index (MMI) remained sideways, retreating by a modest 2.64% from December to January. All of the index’s components trended lower, weighed down by bearish nickel prices throughout the month. Indonesia to Address Nickel Supply Glut Indonesia is currently eyeing substantial output cuts after nickel prices descended beneath the $15k/mt mark. High […]