The Stainless Steel Monthly Metals Index (MMI) skyrocketed this month, increasing by seven points. The current reading stands at 84. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The index inched higher driven by the increase in stainless steel surcharges and a sharp increase in LME nickel prices in May. Other […]
Irene Martinez Canorea
Aluminum MMI: LME Aluminum Prices Lead the Way
The June Aluminum Monthly Metals Index (MMI) increased one point. The current Aluminum MMI index now stands at 101 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices showed strength in May, and are continuing to increase this month. Aluminum has led the base metals complex due to U.S. tariffs […]
Copper MMI: Copper Trades Sideways as Subindex Stands Pat
The Copper Monthly Metals Index (MMI) held steady in May at 84 points. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The sideways trend came as a result of a combination of some elements of the metal basket increasing, such as LME copper, and others falling (such as scrap copper prices). […]
A May Review: Metals Prices Show Less Volatility After Wobbly April
After the instability in the industrial metals complex in April, May closed with an overall increase in metal prices. However, the increases are, in general, less sharp and less volatile than last month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Aluminum, Copper and Nickel The three main metals have seen […]
Momentum Slows for Domestic Steel
Domestic steel momentum seems appears to have finally started to slow down. So far this month, hot-rolled coil, cold-rolled coil, hot-dip galvanized and plate prices have begun to trade sideways. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The slower pace of the increases should come as no surprise, as domestic […]
Raw Steels MMI: Imports From China Rise Despite Section 232 Tariffs
The Raw Steels Monthly Metals Index (MMI) increased one point this month, moving up to 89. Domestic steel price momentum seems slower than at the beginning of 2018, as domestic steel prices traded more sideways. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Domestic steel prices remain at a more than […]
Stainless Steel MMI: Subindex Inches Upward on Rising LME Nickel Prices
In May, the Stainless Steel Monthly Metals Index (MMI) once again inched one point higher. The current reading stands at 77 points. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The subindex inched higher driven by increasing LME nickel prices. Meanwhile, other related metals in the stainless steel basket traded flat. […]
Aluminum MMI: Skyrocketing Prices Power Six-Point Surge
The May Aluminum Monthly Metals Index (MMI) increased six points. Skyrocketing LME aluminum prices drove the subindex value increase. The current Aluminum MMI subindex stands at 100 points, 6.4% higher than in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum price momentum recovered strongly in April. LME aluminum prices reached […]
Copper MMI: Copper Prices Bounce Back Up
The Copper MMI (Monthly Metals Index) increased one point in May. Stronger LME copper prices led the increase. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook LME copper prices recovered previous price momentum and increased in April. At the beginning of last month, LME copper prices fell. At this point, buying […]
Steel Price Trends: An Upcoming Top?
U.S. domestic steel prices steadily increased after the release of the Section 232 report and President Donald Trump’s formal proclamation. However, the pace of the increases has started to slow down, signaling a possible top. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After what now looks like sluggish steel momentum […]
