The December MMI Report: Construction, Auto MMIs Heat Up
We’re another month closer to the end of the calendar year, and there’s much to recap from the last month in metals.
Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up
After four MMIs ticked upward for our November reading, five did so for our latest report.
Hitting some of the high points:
- The biggest winners of the month were the Automotive, Construction and Raw Steels MMIs. Automotive picked up four points, while Construction and Raw Steels picked up five points apiece.
- The Aluminum MMI tracked back down, losing four points after a five-point rise the previous month. As Irene Martinez Canorea wrote, a dropping LME aluminum price had much to do with the sub-index’s drop.
- The Stainless MMI, meanwhile, fell five points on the month. In this case, a 10% decline in nickel prices contributed to the MMI’s fall. Trading volume for LME nickel is still strong, Martinez Canorea wrote, and the outlook for nickel remains bullish.
You can read about all of the aforementioned — and much more — by downloading the December MMI report below.
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