The October MMI Report: Eight of 10 Subindexes Either Fall or Stay Put

Windsor/Adobe Stock

Another month has come and gone, and MetalMiner’s October Monthly Metals Index (MMI) report is out.
Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook

This month’s report featured four subindexes posting declines, four standing put and just two posting increases (Copper and Global Precious).
A few highlights from this month’s report:

  • Aluminum prices surged then drifted back down early this month following news surrounding Norsk Hydro and its Alunorte alumina refinery.
  • The Copper MMI, one of two MMIs to increase this month, reflected a recovering copper price. After a sluggish summer, the metal has recovered of late, recently breaching the $6,000/mt benchmark.
  • It was a down month for several big automakers in terms of U.S. sales.
  • U.S. construction spending in August was up 6.5% from August 2017 spending.

MetalMiner’s Annual Outlook provides 2018 buying strategies for carbon steel

Read about all of the above and much more by downloading the October 2018 MMI Report below:
[s3medialinksafe title=”Download the Report Here” file=”MMIReport_October2018.pdf” expireseconds=”300″ target=”_blank” /]

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top