The Stainless Monthly Metals Index (MMI) increased by 4.5%, as stainless flat rolled base prices continue to move upward due to extended lead times and limited domestic capacity (following a similar trend with steel prices). Stainless steel producers raise prices Stainless steel producers North American Stainless (NAS) and Outokumpu announced price increases effective for February […]
Maria Rosa Gobitz
Raw Steels MMI: Section 232 steel tariff upheld after challenge from steel importers
The Raw Steels Monthly Metals Index (MMI) increased for the ninth consecutive month, rising by 0.5% as US steel prices continued to rise. Buying organizations should continue to buy as needed, as prices remain at all-time highs. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal […]
Copper MMI: Copper demand likely to remain strong well into 2021
The Copper Monthly Metals Index (MMI) increased for the fourth consecutive month, rising by 1.1%, as copper demand is likely to remain strong this year. Copper prices traded sideways throughout January, which proved to be a slow month for the red metal. Most of its momentum over the past year came from China, which has […]
Aluminum MMI: US reinstates tariff on aluminum imported from UAE
The Aluminum Monthly Metals Index (MMI) increased by 2.1% this month, as LME aluminum prices traded sideways and the US reinstated the Section 232 aluminum tariff on imports from the United Arab Emirates. U.S. aluminum reinstates aluminum tariff on UAE On Feb. 1, President Joe Biden reinstated the 10% aluminum tariff on imports from the […]
Stainless MMI: Demand, prices to increase in 2021; ATI exits standard stainless sheet product market
The Stainless Monthly Metals Index (MMI) increased by 6.0% this month, as ATI issued a major announcement and China ups its stainless imports from Indonesia. ATI exits stainless steel commodity market products Allegheny Technologies Incorporated (ATI) announced Dec. 2 that the company would exit the standard stainless sheet product market. The move reduces availability of […]
Raw Steels MMI: Index increases by double digits as steel prices gain to close 2020
The Raw Steels Monthly Metals Index (MMI) increased by 16.5% this month, as steel prices showed strength in December. U.S. steel events The American Iron and Steel Institute, the Steel Manufacturers Association, the United Steelworkers union, the Committee on Pipe and Tube Imports and the American Institute of Steel Construction sent a letter to Joe […]
Copper MMI: Prices pick up after a slow December
The Copper Monthly Metals Index (MMI) increased 3.3% this month, as copper producers have faced challenges that are impacting supply. After a slow December, copper prices continued to increase the first week of January. Prices surpassed the $8,000/mt mark. However, copper prices remain volatile. As the pandemic continues to develop, the U.S. dollar remains around […]
Aluminum MMI: DOC to launch new Aluminum Import Monitoring system
This month the Aluminum Monthly Metals Index (MMI) remained flat, as the Department of Commerce announced the creation of a new Aluminum Import Monitoring and Analysis system. Does aluminum content call to you? We’re rolling out more on LinkedIn. New Aluminum Import Monitoring system On Dec. 23, 2020, the U.S. Department of Commerce announced the […]
Stainless MMI: Producers wary to ramp up capacity
The Stainless Monthly Metals Index (MMI) increased by 3.8% for this month’s index value. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. producers wary to ramp up capacity Demand from automotive and white goods manufacturers has been strong in the […]
Raw Steel MMI: Index increases by 9%
The Raw Steels Monthly Metals Index (MMI) increased by 9% for this month’s value. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. demand continues to recover Year-to-date production through Nov. 28, 2020 declined 18.4%, according to the American Iron and […]
