US Steel Plate Price Drops, Electrical Steel Up This Month on Index

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After drifting 0.8 percent, US steel plate dropped this week, making it the biggest mover on the weekly Renewables MMI®.

Prices for Korean steel plate remained constant. Following a steady week, prices for Japanese steel plate closed flat. Chinese steel plate remained unchanged.

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Chinese prices for metals used in the renewable energy industry were flat for the week. Chinese cobalt cathodes prices held steady. The week finished with no movement for silicon. Neodymium remained essentially flat from the previous week.

US grain-oriented electrical steel (GOES) rose 1.2 percent between June and July.

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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. 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.