Renewables MMI®: Us Steel Plate Rises 3.7% for Week

Closing at $795.00 per short ton on the weekly Renewables MMI®, US steel plate rose 3.7 percent to finish as the week’s biggest mover. Closing at KRW 900,000 ($849.67) per metric ton, Korean steel plate remained unchanged for the week. Japanese steel plate traded sideways last week, hovering around JPY 76,000 ($724.22) per metric ton.

Chinese renewables prices were mixed for the week. The price of neodymium declined 1.2 percent over the past week, settling at CNY 420,000 ($69,120) per metric ton. Following a 0.4 percent increase in the week prior, the price of silicon fell 0.4 percent last week to CNY 13,850 ($2,285) per metric ton. At CNY 196,000 ($32,334) per metric ton, the week finished with no movement for Chinese cobalt cathodes. Chinese steel plate prices held steady from the previous week at CNY 3,890 ($641.73) per metric ton.

US grain-oriented electrical steel (GOES) saw little movement at $3,043 per short ton.

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.