The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 0.82% rise from September to October. U.S. Steel Prices Remain in Search of a Bottom U.S. steel prices continued to soften throughout September as they entered Q4 in search of a new low. Based on their October 3 close, HRC prices have now […]
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Raw Steels MMI: Steel Prices Search for New Low
The Raw Steels Monthly Metals Index (MMI) moved sideways with a downside bias, falling 0.96% from August to September. U.S. Steel Prices Continue to Unravel U.S. steel prices remain in search of a new bottom. As of early September, hot rolled coil prices sit at their lowest level since February 21, having unraveled much of […]
Raw Steels MMI: Steel Prices Soften, More Tariffs on Deck
The Raw Steels Monthly Metals Index (MMI) accelerated during the month, moving up 3.87% from July to August as steel prices continued to slide. U.S. Steel Prices Continue Slow Downtrend U.S. steel prices have remained within a slow but steady downtrend since their late-March peak. As of mid-August, prices were down 9.49%, falling to their […]
European Steel Prices Slide, But Will They Stay There?
Sources tell MetalMiner that lower seasonal demand has continued to push hot-rolled coil prices down in northern Europe since late June. In terms of steel prices, this means that mills are now quoting €540–550 ($625–640) per metric ton ex-works for August rolling and September delivery, down from €570 ($660) reported on June 23. It is […]
Raw Steels MMI: Steel Prices Steady Ahead of Trade Deals
The Raw Steels Monthly Metals Index (MMI) trended sideways, with a 1.37% increase from June to July. With a few exceptions, steel prices remained largely steady as long-awaited trade deals with the U.S. began to materialize. Nippon Officially Acquires U.S. Steel After an arduous 18-month process, Nippon Steel officially acquired U.S. Steel. Initially blocked by […]
Raw Steels MMI: How Far Will Steel Prices Fall?
The Raw Steels Monthly Metals Index (MMI) traded down during the month. Overall, the index fell 3.82% from April to May. While U.S. steel prices moved sideways throughout April, the bias appeared increasingly to the downside as buyers pulled away from the market due to tariffs. Steel Prices Slide Lower As Bearish Signals Mount After […]
Raw Steels MMI: Steel Prices Level Off, Lead Times Shrink
The Raw Steels Monthly Metals Index (MMI) returned to the downside. Overall, the index witnessed a modest 0.75% decline from March to April. Steel Prices Find Peaks as Reciprocal Tariffs Spare Steel Steel prices either found a peak or began to stabilize by the start of April. As of April 4, hot rolled coil prices […]
Raw Steels MMI: When Will Steel Prices Peak?
Rising steel prices saw the Raw Steels Monthly Metals Index (MMI) jump by 5.59% from February to March. Steel Prices Surge on Tariff News As of mid-March, steel prices remained decidedly bullish and in search of a new peak as U.S. tariffs set the market on fire. Hot rolled coil prices hit their highest level […]
Raw Steels MMI: Steel Prices Hold Steady Ahead of 2025
The Raw Steels Monthly Metals Index (MMI) steel prices for the month remained consolidated, with a modest 1.78% decline from November to December. Mills Keep a Lid on Production, Steel Prices After a disappointing Q3 for U.S. flat rolled steel prices, mills appeared to take capacity discipline seriously in the final months of 2024. The […]
Raw Steels MMI: Steel Prices Hold Sideways Following Bearish Q3
The Raw Steels Monthly Metals Index (MMI) remained sideways with a slight upside bias, showing a modest 1.44% increase from October to November. U.S. flat rolled steel prices mostly moved sideways during October. HRC prices edged lower, with a 1.29% decline, while CRC prices rose by a mere 0.95%. HDG prices skipped the sideways trend […]