The July MMI Report: Seven of 10 MMIs Post Upward Movement

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Metal Prices

byrdyak/Adobe Stock

The July 2019 Monthly Metals Index (MMI) report is in the books.

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After a couple of down months, the MMIs showed upward movement this time around.

Seven of 10 MMIs increased for the July reading. The Raw Steels MMI was the lone subindex to drop, as U.S. steel prices continue to decline. Meanwhile, the Aluminum and Construction MMIs traded flat.

A few highlights from this month’s round of MMI reports:

    • The spread between platinum and palladium prices widened this past month.
    • U.S. construction spending in May dropped 2.3% on a year-over-year basis.
    • Aluminum prices this past month were down in China but rose in the rest of the world.
    • Declining U.S. steel prices led to a one-point decline in the Raw Steels MMI.

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Read about all of the above and much more by downloading the July 2019 MMI Report below:

Comment (1)

  1. mrssteel says:

    Concerned over rising bad debt in the industry, the government had initiated various measures including minimum import price and safeguard duty to protect the domestic industry, but it was contested by exporting countries in the global forum.

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