Our September MMI report is in the books — overall, it was another strong month for metals.
For our latest batch of readings, all 10 of the MMI sub-indexes posted upward movement.
It was a big month for aluminum, as the Aluminum MMI rose 8.2% and LME aluminum jumped 10.73% through the month. The Construction and Automotive MMIs also had solid months, while the Copper MMI shot up 7.7% in what was another good month for Dr. Copper.
Meanwhile, in policy news, last week the U.S. Department of Commerce launched an anti-dumping and countervailing duty investigation into stainless steel flanges from China and India. As our Irene Martinez Canorea wrote in her Stainless MMI report, a preliminary determination in the case is coming Oct. 2.
In addition, today the DOC announced it had launched an investigation into imports of titanium sponge from Japan and Kazakhstan.
More broadly, the Section 232 investigations into aluminum and steel imports are still ongoing. It’s unclear when exactly a ruling will be made, but Secretary of Commerce Wilbur Ross has January deadlines to meet, as he is required to present President Donald Trump with a report and policy recommendations vis-a-vis the probes.
You can read about all of the aforementioned — and much more — by downloading the September MMI report below.