In August, all 10 of our MMIs saw upward movement. That changed the following month, when eight of 10 MMIs fell (albeit several of them fell by small amounts).
For our November MMI (tracking October’s activity), four of the MMIs moved up, five moved down and one held flat (the Automotive MMI).
Hitting some of the high points:
- It was a big month for stainless steel. The Stainless MMI surged by seven points, hitting 70, up from the October reading of 63.
- Aluminum also had another strong month, continuing what has been a very strong 2017 for the metal. The Aluminum MMI hit its highest reading, 99, in the history of the MMI series.
- The doctor was in the house this past month (Dr. Copper, that is). The Copper MMI jumped four points.
You can read about all of the aforementioned — and much more — by downloading the November MMI report below.