The monthly Renewables MMI® registered a value of 69 in December, a decrease of 1.4 percent from 70 in November.
US grain-oriented electrical steel (GOES) declined, falling 7.1 percent over the past month to $3,235 per short ton.*
After rising 3.9 percent, Chinese steel plate finished the month at CNY 4,150 ($666.17) per metric ton. The price of US steel plate rose 0.9 percent to $750.00 per short ton after falling the previous month.
Korean steel plate increased 0.7 percent last month at KRW 1.1 million ($1,015) per metric ton.
*One of the inputs of our GOES price did not update, therefore we tweaked the formula for this month’s price. If/when the input is updated, we’ll publish the new price.
The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends over a 30-day period. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.