The June 2019 Monthly Metals Index (MMI) report is in the books.
June proved to be a down month for most of the MMIs, with eight of 10 posting declines. Only the Rare Earths and Renewables MMIs posted increases this month.
Across the board, metals prices fell last month, including U.S. steel prices. A few highlights from this month’s round of MMI reports:
- The spread between U.S. and Chinese HRC narrowed this past month, down to $100/st.
- U.S. construction spending in April fell 1.2% year over year; meanwhile, architecture billings bounced back in April after a down March.
- The LME copper 3-month price fell back 9.6% on a month-over-month basis.
Read about all of the above and much more by downloading the June 2019 MMI Report below: