The October Aluminum Monthly Metals Index (MMI) fell two points for an October MMI subindex value of 91 (its lowest since August 2017). Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell slightly in September. However, the mid-term trend has moved mostly sideways, trading between the $1,970-$2,170/mt level. Movements […]
Lisa Reisman
Stainless Steel MMI: LME Nickel Price Volatility Decreases
The Stainless Steel Monthly Metals Index (MMI) traded sideways in October. The current index stands at 72 points, back at January 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The sideways trend was created by a less volatile nickel price and lower domestic stainless steel surcharges, while stainless […]
This Morning in Metals: Gillette Wins Exemption from Section 232 Steel Tariff
This morning in metals news, Gillette gets a break from the U.S.’s Section 232 steel tariff, Century Aluminum strikes a deal to keep its Charleston smelter going through at least 2020 and Indian steel mills are increasingly looking outside the country for iron ore. Need buying strategies for steel? Request your two-month free trial of […]
GOES MMI: ABB, Cooper Power Battle AK Steel in GOES Section 232 Exclusion Requests
GOES Monthly Metals Index (MMI) spot prices took a big drop while large power equipment manufacturers went head to head with the sole U.S. producer of grain-oriented electrical steel (GOES), AK Steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook GOES appears more challenging under Section 232 because both producers […]
This Morning in Metals: LME Aluminum Hits One-Week Low
This morning in metals news, the LME aluminum price has tracked back down after spiking last Wednesday, U.S. steel import permit applications fell in September and a Chilean state-owned miner is in talks to sell copper to China’s Minmetals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Aluminum Hits […]
Copper MMI: LME Copper Prices Breach $6,000/MT
In October, the Copper Monthly Metals Index (MMI) increased four points, recovering to August 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The latest Copper MMI latest increase came from stronger LME copper prices in September. The current Copper MMI stands at 77 points. LME copper prices recovered […]
Raw Steels MMI: Subindex Holds at 89 For Third Straight Month
The Raw Steels Monthly Metals Index MMI again traded sideways this month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This marks the third consecutive month the index has held at 89 points. The current Raw Steels MMI is at May 2018 levels. Domestic steel prices have decreased sharply and steel […]
This Morning in Metals: Norsk Hydro Plans Alunorte Restart
This morning in metals news, Norsk Hydro plans to restart its Alunorte alumina refinery, Shanghai steel rebar prices fell and Turkey plans to impose steel import quotas. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Aluminum Prices Back Down After surging last week on news of Norsk Hydro’s shutdown of […]
Week in Review: Fed Raises Rates, Zinc Demand and a New NAFTA
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner’s Stuart Burns covered the Federal Reserve’s latest rate hike. Zinc could be in for an image […]
This Morning in Metals: Brazilian Authorities Question Hydro Over Alunorte Stoppage
This morning in metals news, Brazilian authorities are questioning Norsk Hydro over its decision to halt operations at its Alunorte alumina refinery, the Thyssenkrupp–Tata Steel merger could be subject to merger control regulation and BHP says China’s Belt and Road Initiative could lead to a surge in copper demand. Need buying strategies for steel? Request […]
